JOHANNESBURG - The latest unemployment numbers show that black women and the youth remain the most vulnerable in the South African job market.South Africa seems to be on the mend in terms of employment as the country recorded its second consecutive decline in unemployment.
The unemployment rate dropped from 33.9% in the second quarter to 32.9% in the third quarter of 2022 - meaning 204,000 jobs were gained during this period. In the third quarter of 2022, the unemployment rate among black women is 39.1% - which is 4% higher than the national average for women."Further you look at people in long-term unemployment out of the 7.7 million unemployed, you have about 5.9 million that are long-term unemployed.
"When we say long-term unemployment, we are talking about those that haven't been employed for a year or longer and that accounts for about 77% of the unemployed people."Out of the 11.2 million unemployed people according to the expanded definition – approximately 3.5 million are young people between 15 and 24 who are not in employment, education or training.
What job market?
There is a good reason for that, it's not about to change
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.
Source: ewnupdates - 🏆 30. / 53 Read more »