Employment in South Africa
According to Stats SA, changes in employment and unemployment resulted in the official unemployment rate decreasing by 0.8 of a percentage point from 35.3% in the fourth quarter of 2021 to 34.5% in the first quarter of 2022.
How many South Africans are currently employed?
According to reports, in the fourth quarter of 2021, nearly 3.26 million people in South Africa were working within the community and social services industry.
What percentage of South Africa is unemployed?
South Africa’s unemployment rate improves modestly to 34.5% in the first quarter. The official South African unemployment rate has decreased by 0.8 of a percentage point to 34.5% in the first quarter of this year, compared with the unemployment rate of 35.3% in the fourth quarter of 2021.
Why is the unemployment rate so high in South Africa?
The major causes of high unemployment in South Africa is low education levels and obstacles in hiring foreign workers weigh on the supply side of the labour market as companies struggle to find qualified workers.
Meanwhile, on the demand side, strong labour unions and wage-bargaining arrangements that lack cross-sector coordination also drive up wages.
How many graduates are unemployed in SA?
South Africa’s unemployment rate hit a new high of 34.9% in the third quarter of 2021 and it has been reported that 1.2 million graduates are currently unemployed. This hits beyond the crisis level, let’s see what experts have to see about this.
Why is it so hard to find a job in South Africa?
A larger population. Less work (according to Stats SA, 83,000 formal jobs were lost from Sept 2016 to Sept 2017) Retrenchment. Demographics (race/gender/region/age) and qualifications and experience were all seen as opportunity-limiting factors.
Which province has the highest unemployment rate in South Africa?
The Eastern Cape had the country’s worst unemployment rate at 52.6% in the first quarter. This is followed by two other provinces considered “poor” in South Africa, Mpumalanga and Limpopo at 51.6% and 50.9%, respectively.
Which degrees have the highest unemployment rate in South Africa?
In South Africa, the career category with the most unemployed respondents (23.1%) was human resources, industrial psychology and labour relations. However, About 15.4% of the unemployed graduates had majored in government or political studies. Another 15.4% had majored in accounting or finance and 11.5% in economics, psychology or sociology.
