THERE SHALL BE WORK
XHANTI PAYI: Behind SA’s precarious jobs numbers
SA’s unemployment rate may be slightly down from its fourth-quarter peak — but the labour force participation rate remains a concern
09 June 2022 - 05:00
On the face of it, SA’s most recent jobs data looks positive, with a declining unemployment rate. But a closer look at the numbers shows how precarious is the slope that the country is facing.
According to Stats SA’s Quarterly Labour Force Survey, released last week, the unemployment rate dropped to 34.5% in the first quarter of 2022 — 0.8 percentage points down on the record 35.3% unemployment rate reached in the last quarter of 2021...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.