Zuko Komisa

South Africa’s jobless rate has increased dramatically to 33.5%.
According to Stats SA’s Quarterly Labour Force Survey, the official unemployment rate rose by 0.6 percentage points, from 32.9% in Q1 2024 to 33.5% in Q2 2024. The expanded unemployment rate in the second quarter of 2024 rose by 0.7 percentage points to 42.6%.
Stats SA reported a 92,000 fall in employment to 16.7 million in the second quarter of 2024.
“Discouraged work-seekers increased by 147 000 (up by 4,8%), while the number of persons who were not economically active for reasons other than discouragement decreased by 75 000 (down by 0,6%) between the two quarters. This led to an increase of 72 000 in the number of the not economically active persons to 16,3 million in the second quarter of 2024.
The above changes in employment and unemployment resulted in the official unemployment rate increasing by 0,6 of a percentage point from 32,9% in the first quarter of 2024 to 33,5% in the second quarter of 2024. In comparison to Q1 of 2024, the expanded unemployment rate in Q2 of 2024 increased by 0,7 of a percentage point to 42,6%” said Stats SA.
🧵 South Africa’s official #unemployment rate increased by 0,6 of a percentage point to 33,5 % in Q2:2024 compared to Q1:2024.
— Stats SA (@StatsSA) August 13, 2024
Read more here: https://t.co/Migk1JcPxG
#StatsSA pic.twitter.com/7gMUcPHxk6
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