Loading...
See More

Solidarity: Employment stats disappointing

May 08 2012 16:28 Sapa

Related Articles

Solidarity: Improve skills for better pay

Absa to take legal action to stop union

Solidarity: Sappi retrenchments halved

Solidarity: Aurora worst employer

Sappi staff brace for layoffs

Solidarity in new affirmative action case

 

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

NEXT ON FIN24X

 
 
 

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:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The Fast and Furious R40 million

With the Fast and the Furious 7 hitting South African cinema’s this April, all eyes are on the cars and we’re in for a treat!

 
 

Luxury living

This is the most expensive burger in the world!
Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world
You can permanently live on a ship and sail the world!

Money Clinic

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

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote

Loading...