Unemployment has dropped by a whole percentage point in the most recent financial quarter. According to StatsSA, it takes the official number down to 26.7% of the population who are without a job.
There are now 37.5 million people of working age in South Africa. Statistician-General Risenga Maluleke kicked off the press briefing on 13 February 2018 at 11:30 , and revealed the improvement SA is seeing overall, despite there being a need for further improvement.
Between the third and fourth quarters of 2017, 330,000 more people had found work.
15-64 year olds with no work opportunities or access to job markets,
we’re actually looking at a total of 9.2 million unemployed South
African citizens:
Of those who are ‘economically inactive’, a large number of them are registered students. StatsSA calculate that 41% of the unemployed are currently studying. 17% are recognised as “home-makers”, whereas 16% are acknowledged as “discouraged workers”.
These figures very much call for the champagne to be put on ice!!!!
SOURCE: StatsSA
LINK: https://www.thesouthafrican.com/south-africa-unemployment-rate-feb-2018/
I don't know how can this problem be solved in our economy. unemployment rate just keeps on droping when we hope for the best
ReplyDeleteWhat's really sad about unemployment is that it also has an influence in the high crime rate.
ReplyDeleteA drop in unemployment is a good change because it means there's some progress, we are actually going somewhere.
ReplyDelete