Cosatu shocked by latest unemployment figures

2013-05-08 11:45

The latest unemployment figures released by Statistics SA (Stats SA) are demoralising, trade union federation Cosatu has said.

“It is absolutely shocking and demoralising to see that if this trend persists we shall not only fail to meet government’s target of creating 5 million new jobs between 2010 and 2020, but end up with loss of jobs over those 10 years,” Cosatu said in a statement.

It felt “vindicated” by reports that employment in private households recorded a growth of 29 000 in the first quarter of the year, it said.

Employment in the agricultural sector grew by 54 000 jobs.

“The increase in jobs in the agricultural sector has shown that where there is an increase in wages or when minimum wages are set at a reasonable level, they have no significant employment effect one way or the other.”

Stats SA released the latest unemployment figures from its Quarterly Labour Force Survey (QLFS) on Monday.

It found that the number of unemployed increased by 100 000 people to 4.6 million between the fourth quarter of 2012 and the first quarter of 2013.

This took the country’s official unemployment rate to 25.2%, from 24.9% in the fourth quarter of 2012.

Cosatu called for a legislated national minimum wage.

“This legislated national minimum wage must cover all workers and ensure the abolition of the existing ineffective system of sectoral determinations, and the introduction of comprehensive, legislated centralised bargaining.”

It said macroeconomic policies needed to be overhauled to bring about the “radical economic shift” needed to deal with unemployment, poverty and inequality.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.