Loading...
See More

SA's jobless rate rises again

Jul 28 2011 14:11

Related Articles

NYDA: Strikes may lead to job losses

Ramos: Policies won't solve unemployment

Cronin: Improve transport to aid jobless

Cosatu tackles SA's economic ills

Vavi: Jobless youth could revolt

SA continues to shed low-skilled jobs

 
Pretoria - South Africa’s official jobless rate rose to 25.7% of the labour force in the second quarter of 2011 from 25.0% in the first quarter, a report showed on Thursday.

The total number of unemployed people stood at 4.538 million in the three months to June from 4.364 million in the first quarter.

Mandla Maleka, economist at Eskom, said the rate was still "very high".

"It shows unemployment is not moving around the 25% number.That testifies to the structure of our economy, that we are not creating jobs in areas where we need to create jobs, in labour intensive sectors. This is now evidence to that.”

The government has singled out unemployment as a major challenge, after about a million jobs were lost in 2009 during the recession.
 
South Africa is proposing sweeping changes to labour laws intended to increase job security for temporary workers, but economists expect the shake-up will make unemployment worse and ramp up costs for employers.

eskom  |  unemployment  |  sa economy
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
20 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...