SA still faces unemployment crisis: Analyst - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Mining and labour analyst Mamokgethi Molopyane says while there have been some green shoots in labour market activity, South Africa still faces an unemployment crisis.

in the third quarter of 2021, to 34.5% in the first quarter of 2022.

Statistics South Africa’s Quarterly Labour Force Survey indicates that 370 000 jobs were gained between the fourth quarter of 2021 and the first quarter of 2022.This means that the number of unemployed people now stands at 7 000 862. 45.5% of the labour force was without work in the first quarter, compared with 46.2% in the fourth quarter.Molopyane explains: “There might be glimmers of hope here and there, on individual sectors performing well here and there, but overall, South African is facing a crisis of a labour market that cannot create jobs. An economy that is s, such that people who are on the lower levels of income are to enter the market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn R130,000 now am financially stable.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government expected to intervene on petrol prices in South Africa: finance ministerThe government is set to announce further interventions on the petrol price as the country faces a potential record hike of R4 per litre on Wednesday. 😂😂😂😂😂😂 kante who set regularity frame work to begin with The fact that we even have to threaten to strike for the government to do their job says a lot about the current leadership…..Lidoda duvha husi kale
Source: BusinessTechSA - 🏆 24. / 61 Read more »