SA unemployment rate ‘unchanged’

South Africa’s unemployment rate seems to be stuck at 26,7 percent, according to the latest figures by Stats SA.

The organisation said the country’s unemployment rate remained unchanged over the first quarter of 2018 compared to the fourth quarter of 2017.

Stats SA revealed its latest employment statistics in its quarterly labour force survey, which was published on Tuesday.

In their survey, they expressed concern at young people facing long-term unemployment.

“The South African youth are still vulnerable in the labour market,” said Stats SA.

The working-age population increased by 153,000 or 0.4 percent in the first quarter of 2018 compared to the fourth quarter of 2017.

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Infographic: Unemployment in South Africa in 2017

Youth unemployment is however not unique to South Africa, the organisation pointed out.

“It is a global phenomenon and there is about 71 million unemployed youth, aged 15–24 years, globally in 2017, with many of them facing long-term unemployment.”

Statistics showed that employment gains were recorded in the formal sector (111 000); informal sector (93 000) and private households (5 000) in the first quarter of 2018.

Employment declines were recorded in transport (41 000), mining (14 000), utilities (6 000) and agriculture (3 000).

The largest increase in unemployment was recorded in Mpumalanga, which is up by 3.5 percentage points, followed by the Northern Cape (2.4 percentage points) and North West (1.9).

Unemployment figures in Gauteng and KwaZulu-Natal went down by 0.5 percent and 1.8 respectively.

Photo: Stats SA

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  AUTHOR
Robinson Nqola

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