While South Africa's rate unemployment remains a major cause for concern, slight improvement in employment was recorded in the third quarter of 2023. The unemployment rate has also declined.
Recent data has revealed that the country’s second quarter unemployment rate fell to its lowest level since the first quarter of 2021. However, more work needs to be done to ensure substantial progress as unemployment remains sky high.
South Africa’s official unemployment rate saw a gradual decline during the last few months of 2022. Studies have suggested that employment and job creation is on an upward trend in the country.
While South Africa’s unemployment rate fell slightly in the fourth quarter, reaching the lowest level in two years, many have expressed that more needs to be done to adequately address joblessness in the country.
When you're unemployed and on the job hunt, along with sending out job applications comes rejections. Getting these rejections aren't always the best feeling and could demotivate you.
With South Africa's unemployment record being at a high rate and 47% of South African women being unemployed, there are many contributing factors. Shivani Ramsaroop, HR Manager at TransUnion Global Capability Center (GCC) Africa penned down how we can address these challenges.
Statistics South Africa (StatsSA) recent labour stats indicated that the country was moving in the right direction in terms of job creation. However, the high youth unemployment rate remains a cause for concern.
South Africa’s unemployment rate has declined for the second consecutive quarter indicating that the country is moving in the right direction. However, concerns remain as 8 million people are unemployed.
In the fourth quarter of 2021, the rate of unemployment among youth stood at a staggering 66.5%. It is widely believed that entrepreneurship is key to improving the lives of youth.
The launch of a brand new skills training centre in Kwa-Mhlanga, Mpumalanga represents a beacon of hope for young people in the province. This could allow them to develop critical skills that could improve their lives.
While obtaining a tertiary education qualification increases your chances of finding a job in South Africa, it does not guarantee you will find employment. The government has committed to placing unemployed graduates.
President Cyril Ramaphosa said the triple challenge of unemployment, poverty and inequality needs to be addressed in South Africa. And while millions remain unemployed, marginal gains in tackling unemployment were made as the unemployment rate declined.
The economic and social consequences brought about by unemployment could negatively impact the growth of an entire country.
In the final months of 2021, South Africa’s unemployment rate rose to 35.3%, meaning that more than one in every three people living in the country are unemployed.
The unemployment rate in South Africa increased during the final months of 2022 painting a grim picture of the job losses experienced by the country's population.