South Africa’s unemployment rate hits new high -Report

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South Africa’s unemployment rate hits new high -Report

The unemployment rate in South Africa soared to its highest level on record in the final quarter of last year, official data showed Tuesday, as the impact of the pandemic continues to be felt.

The unemployment rate rose from 0.4 per cent to 35.3 per cent in the final three months of 2021, compared to 34.9 per cent in the previous quarter.

“This is the highest unemployment rate recorded since the start of the (quarterly labour force survey) in 2008,” StatsSA said in a report.

It is also the fifth increase in unemployment since the country was placed under a strict COVID-19 lockdown in March 2020.

Compared to the 14.5 million South Africans with jobs, there are now about 7.9 million unemployed people in the continent’s most industrialised country.

President Cyril Ramaphosa last week rolled back most of the remaining Coronavirus restrictions as new infections fell and fewer deaths were reported.

He noted that the changes meant nearly all restrictions on social and economic activity were scrapped.
The hardest COVID-hit African country has been diagnosed with more than 3.7 million infections, including 99,970 fatalities.

Compared to the same period in 2020, the expanded unemployment rate – people who are employable but have given up looking for work – has increased by 3.6 per cent to 46.2 per cent.

Young people have been particularly badly hit, with joblessness among those aged 15 to 24 years old, exceeding 66 per cent.

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AFP

SOURCE : PUNCH

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