South Africa's Jobless Rate Increases
South Africa's unemployment rate increased in the first quarter of this year, raising concerns among statisticians as more individuals appear to have stopped seeking employment. The official unemployment rate, already among the world's highest, climbed to 32.9% from 31.9% in the previous quarter. An expanded definition, including those discouraged from seeking work, rose to 43.1% from 41.9%.
Desiree Manamela, chief director of labour statistics at Stats SA, expressed concern over the increasing number of discouraged work-seekers, emphasizing the importance of people actively participating in the labor market. The statistics agency tracked ten industries, with five reporting employment increases and five experiencing decreases. The trade and construction sectors saw the largest job losses, while the transport and finance sectors added the most jobs.
Black women and young people remain particularly vulnerable to unemployment, with rates of 39.8% and 46.1%, respectively, in the first quarter. Reducing unemployment is a key priority for the government of national unity, formed after the ANC lost its parliamentary majority for the first time since the end of apartheid in 1994.
Unemployment has been rising since 2016 and has remained above 30% for the past five years. President Cyril Ramaphosa recently announced new reforms to boost economic growth and job creation, extending a program launched in 2020. Operation Vulindlela, meaning “open the path” in isiZulu, has had some success, such as reducing electricity blackouts, but has not yet significantly impacted the unemployment rate.
Recommended Articles
Money saving tips to help you survive Cyril's economy

Finance fitness bunny Nicolette Mashile shares how best to make savings in financially difficult times
White Afrikaners Aren't Oppressed: How Apartheid Shaped South Africa - And Why Its Legacy Still Matters - Travel Noire

None of South Africa's political parties, including those that represent Afrikaners, have claimed that there is a genoci...
Government scales up youth-focused initiatives

As government pursues faster and more inclusive economic growth, the fight against youth unemployment remains a priority...
Government commits over R1 trillion to infrastructure investment | SAnews

Government is following through on its commitment to invest more than R1 trillion in infrastructure over the next three ...
Ramaphosa's Diplomatic Gamble Falters as Trump Tightens Grip on US-South Africa Ties - The North Africa Post

South Africa’s President Cyril Ramaphosa is facing mounting challenges in his bid to rebuild relations with the United S...
MK Party Issues Ultimatum to Ramaphosa Over Mchunu Decision

South Africa’s uMkhonto weSizwe (MK) Party has given President Cyril Ramaphosa until Friday morning to retract his Sunda...
You may also like...
Diddy's Legal Troubles & Racketeering Trial

Music mogul Sean 'Diddy' Combs was acquitted of sex trafficking and racketeering charges but convicted on transportation...
Thomas Partey Faces Rape & Sexual Assault Charges

Former Arsenal midfielder Thomas Partey has been formally charged with multiple counts of rape and sexual assault by UK ...
Nigeria Universities Changes Admission Policies

JAMB has clarified its admission policies, rectifying a student's status, reiterating the necessity of its Central Admis...
Ghana's Economic Reforms & Gold Sector Initiatives

Ghana is undertaking a comprehensive economic overhaul with President John Dramani Mahama's 24-Hour Economy and Accelera...
WAFCON 2024 African Women's Football Tournament

The 2024 Women's Africa Cup of Nations opened with thrilling matches, seeing Nigeria's Super Falcons secure a dominant 3...
Emergence & Dynamics of Nigeria's ADC Coalition

A new opposition coalition, led by the African Democratic Congress (ADC), is emerging to challenge President Bola Ahmed ...
Demise of Olubadan of Ibadanland

Oba Owolabi Olakulehin, the 43rd Olubadan of Ibadanland, has died at 90, concluding a life of distinguished service in t...
Death of Nigerian Goalkeeping Legend Peter Rufai

Nigerian football mourns the death of legendary Super Eagles goalkeeper Peter Rufai, who passed away at 61. Known as 'Do...