South Africa's unemployment rate increases again

​The latest Quarterly Labour Force Survey for the 2nd Quarter 2019 (Q2) states that South Africa's unemployment rate has increased to 29%. This is up by 1.4 percentage points from 27,6% in the 1st Quarter 2019. This is the highest unemployment rate since 2008.

455 000 more South Africans are unemployed while a mere 21 000 South Africans found employment in Q2. The total number of unemployed people is now at 6,7 million.

The highest employment losses were recorded in these sectors:

In terms of provinces, Gauteng and the North-West experienced the highest number of employment losses.

There are approximately 20,4 million young (aged between 15 and 34) people in South Africa at present. Around 40,3% of these people are not employed and/or not engaged in education and training. In other words, a substantial portion of our youth population is either uneducated, unemployed or unemployable.

Click here to access the full report.

 

Webber Wentzel > News > South Africa's unemployment rate increases again
Johannesburg +27 (0) 11 530 5000
Validating email against database, please wait...
Validating email: please wait...
Email verified: Please click the confirmation link sent to your mailbox, also check junk/spam folder. If you no longer have access to this email address or haven't received the verification email then email communications@webberwentzel.info
Email verified: You are being redirected to manage your subscription
Email could not be verified: Please wait while you are redirected to the Subscription Form