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South Africa's Rising Unemployment Rate

Published 7 hours ago1 minute read

New data from Statistics South Africa (Stats SA) indicates a concerning rise in unemployment, with the official rate reaching 32.9% in the first quarter of this year, an increase from 31.9% in late 2023. The expanded unemployment rate, which accounts for discouraged job seekers, has risen to 43.1%, adding 237,000 unemployed individuals, bringing the total to 8.2 million.

The most severely affected sectors include private households, trade, and mining. Zanele Sabela, a spokesperson for COSATU, voiced apprehension, emphasizing the disproportionate effect on Black women and the youth. Among individuals aged 15–34, the unemployment rate stands at 46.1% (official rate) and exceeds 72% under the expanded definition.

Sabela pointed out systemic deficiencies, such as skills mismatches and sluggish economic growth, and called for enhanced public employment programs. She described the situation as a crisis, criticizing the lack of advancement in resolving labor market disparities. With youth unemployment at alarming levels, there are increasing demands for immediate economic reforms and focused job creation efforts.

From Zeal News Studio(Terms and Conditions)
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