SOUTH AFRICA’S UNEMPLOYMENT RATE RISES TO 27.2 PCT IN Q2 2018
PRETORIA– South Africa’s unemployment rate jumped to 27.2 per cent in the second quarter of 2018 from 26.7 per cent in the first quarter, Statistics South Africa (Stats SA) announced Tuesday.
Releasing it latest Quarterly Labour Force Survey (QLFS) report at a media briefing here, Statistician-General Risenga Maluleke said the rise in the unemployment rate means that the number of unemployed people has risen from 4.4 million in the first quarter to 6 million in the second quarter.
According to the data, there were 37.8 million people of working age (15 to 64 years) in the country.
The increase in the unemployment rate is a result of a decline of 90,000 in the number of people in employment and an increase of 102,000 in the number of people who became unemployed between the first and second quarters of 2018.
The report, which is a household-based sample survey which collects data on the labour market activities of individuals aged 15 to 64 years old, showed that there was an increase of 154,000 people of working age in the country between the two quarters.
The survey showed that labour market rates varied significantly depending on educational level.
We see that for the younger the people at 15 to 24 [years, the] unemployment rate is sitting at 53.7 per cent and that has increased by 1.3 per cent and when we contrast that with those aged 55 to 64 years we are seeing that the unemployment rate for those are sitting at 9.7 per cent, with a decrease of 0.8 per cent, said Maluleke.
Source: NAM NEWS NETWORK