• A new DIY economy

    Reinventing society will be an opportunity to create a better future, says Ian Mann.

  • Healthcare headache

    State healthcare strategies must be more than political posturing, says Mzwandile Jacks.

  • Buzzwords and truths

    Mandi Smallhorne discusses her beef with the terms 'savings' and 'entrepreneurship'.

Loading...
See More

Solidarity: Employment stats disappointing

May 08 2012 16:28
Sapa

Johannesburg - It is disappointing that the number of employed people has dropped by 75 000 despite a record increase in employment last year, trade union Solidarity said on Tuesday .

Compared with three years ago, there are around 421 000 fewer jobs, said Paul Joubert, economics researcher at the Solidarity Research Institute.

"There are still roughly 421 000 fewer jobs compared with three years ago, at the start of the recession."

The number of South Africans of working age (15-64 years) grew by approximately 500 000 every year, he said.

But the number of unemployed people rose from 23.9% to 25.2% in the last quarter.

In addition, the broad unemployment rate, which includes discouraged job seekers, rose from 35.4% to 36.6%.

"This means that four out of ten South Africans who are looking for work are unable to find suitable employment," said Joubert.

Employment numbers dropped sharply in 2009, during the recession.

Since then, employment levels had remained virtually constant, despite an upswing in economic growth.

employment  |  solidarity  |  unemployment

 
 
 

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
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

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

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote

Loading...