Statistics South Africa announces that unemployment rose by 0.5 percentage points to 27.6% in the first quarter of this year. The figures confirm economists’ presumption that economic growth in the first quarter was negative and unemployment remains one of SA’s biggest challenges.
The SA economy started on a bitter note this year with unemployment rising to 27.6% after being 27.1% in the fourth quarter of 2018. The number of people employed is significantly less than a year ago and declined by 86,000 people to less than 16.3 million people.
By contrast, the number of unemployed increased by 3.7% to 6.3 million and the number of discouraged job seekers by 7.5% to nearly 3 million. This means that nearly 9.2 million South Africans of working age are not in school, do not study further and are not voluntarily unemployed. The figures come from Statistics SA’s quarterly employment survey (QLFS) for the first quarter of 2019, but growth figures are only released in June.
According to economist Dawie Roodt, economic growth in SA is too weak to create enough jobs and load shedding by Eskom doesn’t help much to support job creation. Industries like AngloGold Ashanti are planning their exodus to get away from Eskom’s unpredictability with power supply and tariff adjustments, as well as complex labour problems.
Latest quarterly employment figures from Stats SA, showing agricultural sector lost in the first quarter of this year estimated 12 000 jobs.
Latest figures from Stats SA show Eastern Cape lost 90 000 jobs in the first quarter of this year, bringing 48.3% widespread unemployment rate in province – thus every second adult in the Eastern Cape without work.
– Read the original article in Afrikaans on Ditsem Nuus
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