SA's unemployment rate highest since 2008
South Africa's unemployment rate has reached record levels.
It increased by 0.4 of a percentage point in the fourth quarter of last year to 35.3% compared to the previous quarter.
[THREAD] South Africa’s #unemployment rate increased by 0,4 of a percentage point to 35,3% in Q4:2021 compared to Q3:2021.#StatsSA pic.twitter.com/zq6HfIE1nL
— Stats SA (@StatsSA) March 29, 2022
Stats SA's Dihlolelo Phoshoko says it's the highest unemployment rate since the start of the Quarterly Labour Force Surveys in 2008.
"This increase in the unemployment rate was due to the large number of persons moving from the not economically active status to the employed and unemployed categories between the two quarters.
"In the fourth quarter of 2021, the expanded unemployment decreased by 0.4 of a percentage point to 46.2%, compared to third quarter of 2021."
EC, LP, MP, and NC recorded expanded #unemployment rates above 50,0% in Q4:2021. NC recorded more than 25 percentage points difference between expanded and official unemployment rates.
— Stats SA (@StatsSA) March 29, 2022
Read more here: https://t.co/hmuO1OGubi#StatsSA pic.twitter.com/C30Ricryso
The number of unemployed people increased from 7.6 million to 7.9 million over that period.
Youth aged 15-24 years and 25-34 years recorded the highest #unemployment rates of 66,5% and 43,5% respectively.
— Stats SA (@StatsSA) March 29, 2022
Read more here: https://t.co/hmuO1OoTjK#StatsSA pic.twitter.com/ip5hF5XbKH
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