SA's jobless number grows to 7.2 million as unemployment rate breaches new record

0:00
play article
Subscribers can listen to this article
The country's official unemployment rate has increased to a record 32.5% in the fourth quarter of 2020. (Photo: Dino Lloyd/Gallo Images)
The country's official unemployment rate has increased to a record 32.5% in the fourth quarter of 2020. (Photo: Dino Lloyd/Gallo Images)

The number: The country's official unemployment rate has increased to a record 32.5%, as the number of jobless in South Africa grew to 7.2 million in the fourth quarter of 2020.

The story: Statistics South Africa (Stats SA) released the Quarterly Labour Force Survey (QLFS) on Tuesday, which showed that the increasing unemployment rate is due to more people joining the labour force, as economists expected.

The figures: In total, there were 333 000 job gains to 15 million in the fourth quarter of 2020. The largest job gains were made in the formal sector (up 189 000), followed by private households (up 76 000), the informal sector (up 65 000) and the agriculture sector (up 2 000).

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
When a Covid-19 vaccine for under 16's becomes available, will you be taking your children to get it?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, immediately!
37% - 2426 votes
I'll wait to see how others respond
26% - 1747 votes
No, I don't think they need it
37% - 2428 votes
Vote
ZAR/USD
15.09
(-0.16)
ZAR/GBP
21.02
(-0.23)
ZAR/EUR
18.22
(-0.19)
ZAR/AUD
11.62
(-0.25)
ZAR/JPY
0.14
(-0.54)
Gold
1734.50
(+0.02)
Silver
26.67
(+0.05)
Platinum
1186.51
(+0.42)
Brent Crude
64.40
(-2.56)
Palladium
2310.00
(+0.58)
All Share
66138.05
(-1.99)
Top 40
60754.30
(-2.11)
Financial 15
12200.05
(-1.09)
Industrial 25
86144.34
(-0.81)
Resource 10
67459.85
(-4.14)
All JSE data delayed by at least 15 minutes morningstar logo