Share

Cosatu shocked by jobless rate

Johannesburg - The latest unemployment figures released by Statistics SA (StatsSA) are demoralising, Cosatu said on Wednesday.

"It is absolutely shocking and demoralising to see that if this trend persists we shall not only fail to meet government's target of creating five million new jobs between 2010 and 2020, but end up with loss of jobs over those 10 years," the Congress of SA Trade Unions (Cosatu) said in a statement.

It felt "vindicated" by reports that employment in private households recorded a growth of 29 000 in the first quarter of the year, it said.

Employment in the agricultural sector grew by 54 000 jobs.

"The increase in jobs in the agricultural sector has shown that where there is an increase in wages or when minimum wages are set at a reasonable level, they have no significant employment effect one way or the other."

StatsSA released the latest unemployment figures from its Quarterly Labour Force Survey (QLFS) on Monday.

It found that the number of unemployed increased by 100 000 people to 4.6 million between the fourth quarter of 2012 and the first quarter of 2013.

This took the country's official unemployment rate to 25.2%, from 24.9% in the fourth quarter of 2012.

Cosatu called for a legislated national minimum wage.

"This legislated national minimum wage must cover all workers and ensure the abolition of the existing ineffective system of sectoral determinations, and the introduction of comprehensive, legislated centralised bargaining."

It said macroeconomic policies needed to be overhauled to bring about the "radical economic shift" needed to deal with unemployment, poverty and inequality.



We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders