S. Africa's Q3 unemployment rate rises to record high level since 2008

2021-11-30 16:55:43 GMT2021-12-01 00:55:43(Beijing Time) Xinhua English

JOHANNESBURG, Nov. 30 (Xinhua) -- The Quarterly Labour Force Survey for the third quarter of 2021 showed that unemployment rate rose by 0.5 percent point from 34.4 percent in the second quarter of 2021 to 34.9 percent, Statistics South Africa (Stats SA) said on Tuesday.

This was the highest level of unemployment since 2008.

"The number of people in work fell by 660,000 to 14.3 million in the third quarter of 2021," said the Stats SA. The unemployment rate under the expanded definition, which includes people who have given up looking for work, rose 2.2 percent to 46.6 percent over the same period.

The report showed that seven of eight industries in the formal sector experienced employment losses with the exception of finance where employment increased by 138,000.

The largest decrease in employment was recorded in the trade sector, followed by community and social services, construction and private households.

The leading trade union federation Cosatu, said the report painted a bleak picture of unemployment in the country.

Sizwe Pamla, spokesperson for Cosatu, said that despite the easing of the harsh lockdown measures, there has not been much improvement in job creation.

"This is at the heart of the country's non-employment growth trajectory, which needs to be addressed by rebuilding the South African economy," Pamla said. Enditem