Stats SA has released the latest quarterly statistics which show a slight increase in unemployment.
The Quarterly Labour Force Survey showed that unemployment increased to 27.5% in the third quarter of the year.
#Unemployment rate up by 0,3 of a percentage point to 27,5% in Q3:2018 #StatsSA https://t.co/kOugBhOCvN
— Statistics South Africa (Stats SA) (@StatsSA) October 30, 2018
The new statistics also showed that youth unemployment was high irrespective of levels of education, although young people with graduate degrees remained the group with the lowest unemployment numbers.
The #unemployment rate for those aged 25-34 is 52,8%, double that of the 45-54 year olds. #Youth unemployment rate is higher than other age groups irrespective of education level #StatsSA https://t.co/cUVPXbdCr6 pic.twitter.com/ABjZJclB17
— Statistics South Africa (Stats SA) (@StatsSA) October 30, 2018
The stats painted a gloomy picture of the total number of unemployed showing that only 16.4 million of a potential 38 million working population was employed, and also that 6,2 million were unemployed and 15.4 million was not economically active.
South Africa has 38 million people of working age. 16,4m are employed, 6,2m #unemployed and 15,4m not economically active #StatsSA https://t.co/cUVPXbdCr6 pic.twitter.com/ez8Akq3f8N
— Statistics South Africa (Stats SA) (@StatsSA) October 30, 2018
