Thursday 1 November 2012

Unemployment On The Rise



Number of unemployed people has increased by 4.4% or 197 000 between the second and third quarter of this year. Every Country has it's own prominent problems and it is unfortunate that it is that of the unemployment line in South Africa,it has been said today that the number of unemployed people has increased by 4.4% or 197 000 between the second and third quarter of this year according to the Quarterly Labour Force Survey published by Statistics South Africa.
The unemployment Rate its self has increased by 0.6 of a percentage point from 24.9% to 25.5% over the same period .The Free State remains the province with yet the highest unemployment rate sitting at a total of 32%.

However at the same time that this had happened there was also a increase of 198 000 persons in the number of unemployed people driven mainly by new job opportunities in the public sector. All sectors of the economy except private households experienced growth in employment numbers .Employment in the private household sector dropped by 2.5% or 29 000 in the third quarter.

The number of unemployed people in South Africa now stands at a staggering  4.7 million,the highest number of unemployment ever to been seen in South Africa since the first quarter in 2008.

It has been said that 60% of the people who are unemployed DO NOT have a matric certificate and that their prospects of getting a job are becoming worse by the day.

All we can do is hope that this is yet just another statistic.

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