SA Unemployment Rate Increases

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Millions of South Africans are unemployed, bringing the national unemployement rate to a new high. 


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The Quarter Labour Force Survey (QLFS) has shown that millions of South Africans are unemployed, bringing the national unemployment rate to a new high. 
The country's unemployment rate reached 32.6% in the first three months of 2021. This is according to the Statistics South Africa (Stats SA) QLFS.
The findings of the survey were released by Statistician-General Risenga Maluleke on Tuesday.
“The number of unemployed persons also remained almost unchanged at 7.2 million compared to the fourth quarter of 2020 (increased by 8 000).
“The number of discouraged work-seekers increased by 201 000 (6.9%), and the number of people who were not economically active for reasons other than discouragement, decreased by 38 000 (0.3%) between the two quarters, resulting in a net increase of 164 000 in the not economically active population,” the report reveals.
Employment mainly increased in the following industries:

Finance increased by 215 000
Community and social services increased by 16 000
Utilities increased by 16 000
Mining increased by 12 000
Manufacturing increased by 7 000

The following job industries faced job losses:

Construction 87 000 job losses
trade 84 000 job losses
Private households 70 000 job losses
Transport 40 000 job losses
Agriculture 18 000 job losses

Investec Chief Economist, Annabel Bishop said South Africa’s high unemployment rate has created a negative environment for South Africans.  
The poor implementation of reform policies has also made matters worse, as policies are not being executed fast enough to address the issue of unemployment.
“If we look at the councils in South Africa, it takes an incredibly long time, it’s an unnecessary and incredibly slow process just to get plans passed through these government institutions. Government speeding up its delivery also helps substantially in actually allowing the economy to grow faster” said Bishop. 

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