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t6254547

  6 months ago

Unemployment reaches record highs – but stats for youths are even more shocking
Closed

Statistics South Africa released the unemployment rate for the third quarter of 2021 (Q3:2021) on Tuesday, 30 November. In the second quarter (Q2:2021), the statistician general’s department said unemployment was the highest it’s ever been since quarterly tracking began in 2008 and that trend continued as the rate increased by half a percentage point.

UNEMPLOYMENT RATE CONTINUES TO INCREASE

When the Quarterly Labour Force Survey (QLFS) Q2 results were announced in August, it was reported that South Africa had the highest unemployment rate in the world.

On Tuesday, Stats SA announced that the rate increased by 0.5 percent to 34.9 percent.

Even though the number of unemployed persons decreased by 183 000, Stats SA said the unemployment rate increased because there were 660 000 fewer employed persons in Q3, the number of discouraged job-seekers increased by 545 000 and the number of economically inactive people (for reasons other than discouragement) increased by 443 000 between the two quarters.

The QLFS showed that there was a net increase of 988 000 in the not economically active population.

YOUNG PEOPLE MOST AFFECTED

The age group 15 to 24 had the highest unemployment rate at 66,5 percent, followed by 25 to 34 with 43,8 percent. The rate in the former age group increased by 2,1 percent in Q3 while the latter increased by 0,9 percent.

The unemployment rate among the 15 to 24 age group, according to the expanded definition, also reached an unfortunate record-high, increasing from 74,8 percent to 77,4 percent, which means there are 2,6 million young people not in school, higher education or employed.

Source - https://www.thesouthafrican.com/

Its sad that the figures are still increasing and some companies have been going through the section 189 process due to the pandemic.

Yoh yoh yoh! It is so sad that we cant rely on our government.

What do you think should be done in order to decrease the numbers of people who are unemployed in South Africa?
Reply

E5182770m51

  5 months ago
We can create jobs by working with our hands instead of waiting for the government to feed us
0 comments

Kyron01

  5 months ago
Learning a skill and using it to make online money is the greatest bridge that we can create for this problem
0 comments

S2141429d21

  5 months ago
They create more jobs
0 comments

Maxwelll

  5 months ago
they must create more jobs and opportunities for those who are unemployed and the government must do something about this issue
0 comments

joui1624

  5 months ago
we need ouer govermint to help
smal bisennis owners to grow there busnisis and create workshops so that oue
uth can lern valuable skils
0 comments

S1714804c17

  5 months ago
More and more awareness about online business opportunities
0 comments

A7690136t76

  5 months ago
They must create more jobs and opportunities for those who are unemployed
0 comments

E1402501b14

  5 months ago
Community based businesses using a barter system.
0 comments

P6043062o60

  5 months ago
goverment must do something
0 comments

Junaydd

  5 months ago
The government
0 comments
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