File image:Unemployed men wait on a street corner in the hope of getting casual work in Pietermaritzburg, South Africa June 28, 2017. REUTERS/Rogan WardFile image:Unemployed men wait on a street corner in the hope of getting casual work in Pietermaritzburg, South Africa June 28, 2017. REUTERS/Rogan Ward
Congress of South African Trade Unions ’s Parliamentary Coordinator, Matthew Parks, says the government still faces a massive challenge in fostering the conditions for job growth, despite the one percentage point decrease in the unemployment rate. Stats SA says unemployment decreased from 33.9% in the second quarter to 32.9% in the third quarter of this year“We don’t need to pop the Champaign bottles because we still have an expanded unemployment rate at 42%. B but what we had in the previous quarter is positive news. Also bear in mind that in the first and second quarters of this year as well, unemployment also fell by 1% and for each quarter of the year we’ve seen unemployment fall by 3% and that’s good progress.
“The reason we have a high unemployment rate it’s because every level of load shedding cost R1 billion every single day to the economy. If we can fix Eskom, all companies can be productive. We also need to deal with the issue of cable theft which is crippling to transfer and mining jobs. And of course, manufacturing and agriculture are key sectors as well if we can get Metrorail protected and rebuilt that helps to boost the economy because workers can get to work on time.
VIDEO: Unemployment Stats ‘Loadshedding to blame for high unemployment, not established labour’: COSATU
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Y'all bored at sabc especially your board
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