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.

 

Disclaimer

These materials are provided for general information purposes only and do not constitute legal or other professional advice. While every effort is made to update the information regularly and to offer the most current, correct and accurate information, we accept no liability or responsibility whatsoever if any information is, for whatever reason, incorrect, inaccurate or dated. We accept no responsibility for any loss or damage, whether direct, indirect or consequential, which may arise from access to or reliance on the information contained herein.


© Copyright Webber Wentzel. All Rights reserved.

Webber Wentzel > News > South Africa's unemployment rate increases again
Johannesburg +27 (0) 11 530 5000
|
Cape Town +27 (0) 21 431 7000
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
Unanticipated error: Saving your CRM information Subscription Form