One in 3 South Africans looking for jobs, and it could get even worse

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Unemployment in SA is at a record 34.4%.
Unemployment in SA is at a record 34.4%.
Gallo Images/Dino Lloyd

South Africa's official unemployment rate for the second quarter worsened to a record of 34.4%, and economists expect this to worsen if the impact of the unrest in July is taken into account.

Stats SA on Tuesday released the quarterly labour force survey, which showed that unemployment is at its highest since the survey was started in 2008.

The country's total jobless - those who are seeking work but cannot find jobs - now amount to 7.8 million, compared to 7.2 million recorded in the first quarter. Steep losses were recorded in the formal sector. Taking into account the 3.3 million discouraged work seekers - those who want to work but have given up searching for jobs - the number of jobless comes to over 11 million.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
15.12
+0.8%
Rand - Pound
20.51
+1.0%
Rand - Euro
17.15
+0.4%
Rand - Aus dollar
10.88
+1.2%
Rand - Yen
0.13
+0.5%
Gold
1,839.38
0.0%
Silver
24.47
-0.0%
Palladium
2,084.50
+0.9%
Platinum
1,037.00
-0.6%
Brent Crude
88.38
-0.1%
Top 40
68,163
-2.1%
All Share
74,843
-1.8%
Resource 10
74,838
-3.0%
Industrial 25
94,184
-1.7%
Financial 15
15,084
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot