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Unemployment rate increases to 27.7%, highest since 2003

According to Stats SA the figures are the highest since September 2003.

Picture: Flickr.com

PRETORIA - The unemployment rate has increased to 27.7%, the highest it has been since September 2003.

The Quarterly Labour survey, released by Stats SA at a briefing in Pretoria a short while ago, shows that employment grew by 144,000 jobs in the first quarter of this year but this was offset by 433,000 more people looking for jobs.

EXPLAINER: How SA's unemployment rate is calculated

Statistician-General Pali Lehohla says several sectors experienced growth.

“The biggest growth in employment has been observed in manufacturing, finance and mining for the first time in 2017. After a decline of four successive quarters employment grew in all provinces quarter-on-quarter, except in the Eastern Cape and Limpopo.”

Unemployment remains a major concern.

“The unemployment rate has grown up to 27.7% and there were more job seekers compared to those who actually got employed. The unemployment level that we experience now was last seen in September 2003.”

(Edited by Zamangwane Shange)