South Africa

Unemployment reaches 34.9% | SAnews

The number of unemployed South Africans rose 0.5% in the third quarter (Q3) of 2021, said statistician general Risenga Maluleke.

The rise saw the country’s unemployment rate reach 34.9%.

Releasing the Quarterly Labor Force Survey (QLFS) for the last quarter, Maluleke said that during this period the number of people employed fell by 660,000.

Between July and September, 14.3 million people were employed.

He said: “The number of unemployed has decreased from 183,000 to 7.6 million compared to the second quarter of 2021. The number of discouraged job seekers has increased by 545,000 (16.4%).

The number of people inactive for reasons other than discouragement increased by 443,000 (3.3%) between the two quarters, translating into a net increase of 988,000 in the inactive population, according to the QLFS.

Maluleke said the changes resulted in an increase in the official unemployment rate by 0.5 percentage points, from 34.4% in the second quarter of 2021 to 34.9% in the third quarter of 2021.

This is the highest level since the launch of QLFS in 2008.

Statistics South Africa (Stats SA) said the unemployment rate, according to the expanded definition of unemployment, increased by 2.2 percentage points to 46.6% in the third quarter of 2021, compared to the second quarter of 2021.

The statistics agency said the results indicate that South Africa’s labor market is more favorable to men than to women.

“The proportion of men in employment is higher than that of women; more men than women participate in the labor market because the activity rate of men is higher than that of women; and the unemployment rate for men is lower than for women.

“The unemployment rate for women was 37.3% in the third quarter of 2021 against 32.9% for men according to the official definition of unemployment. The official unemployment rate for black African women was 41.5% during this period, compared to 9.9% for white women, 25.2% for Indian / Asian women and 29.1% for women in India. color.

Stats SA said employment fell by 571,000 (5.6%) in the formal sector, 65,000 (5.4%) in private households and 32,000 (3.8%) in the agriculture in the third quarter of 2021, compared to the second quarter of 2021. Informal sector employment increased by 9,000 (0.3%) during the same period.

Maluleke said all industries saw job losses between the last two quarters of 2021 except the financial industry which gained 138,000 jobs. The largest drop in employment was observed in commerce (309,000), followed by community and social services (210,000). – SAnews.gov.za

Unemployment reaches 34.9% | SAnews

Source Unemployment reaches 34.9% | SAnews

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