Worst unemployment rate in 16 years. 455 000 more people jobless than a year ago

OMG (pixabay.com, 2019)

And, in the meantime, the population continues to grow.

Andrew Levy, Labour Economist - Andrew Levy Employment

South Africa’s unemployment rate rose to 29% in the second quarter (Q2) of 2019.

It is the worst unemployment rate since March 2003 when it stood at 29.3%.

There are 455 000 more unemployed people in South Africa than a year ago.

About 6.7 million people in South Africa are unemployed (defined as someone who is actively looking for a job but failing to find one).

In 2009, there were 4.3 million unemployed people in South Africa.

The Eastern Cape has the highest unemployment rate (35.4%).

Gauteng’s unemployment rate stands at 31.1% while the Western Cape has an unemployment rate of 20.4%.

The Money Show’s Bruce Whitfield interviews Andrew Levy, Labour Economist and MD at Andrew Levy Employment.

Listen to the interview in the audio below (and scroll down for more quotes from it).

It’s so hard not to be negative… Unconscionable waste at Eskom… intolerable burden on the public sector wage bill… It’s very hard to see where the ray of sunshine is…

Andrew Levy, Labour Economist - Andrew Levy Employment

Our labour legislation… we say we’ve got to create jobs, but we keep following policies which are the absolute antithesis of job creation…

Andrew Levy, Labour Economist - Andrew Levy Employment

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