Friday, 3 November 2017

South African unemployment still at a 14-year high.

Many unemployed people are discouraged and have been looking for work for more than a year.

Stats SA has released its Quarterly Labour Force Survey on Tuesday and the numbers are grim. The unemployment rate in the country has remained stable at 27.7% – the worst levels in 14 years. And while the unemployment rate is unchanged quarter-to-quarter, it is still 0.6 of a percentage point higher compared to the same period last year.

South Africa’s youth, (aged 15-34) remain the most vulnerable in the labour market. The youth unemployment rate was 38.6% which is 10.9 percentage points above the national average. Yet, this has actually seen a 0.6 percent decline quarter-to-quarter.

By Alexis Haden.

Full story at The South African.

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