COSATU's response to the 1st Quarter unemployment statistics for 2018
15 May 2018
The Congress of South African Trade Unions has noted that South Africa's jobless rate remained unchanged at 26.7% in the first quarter of 2018, according to Statistics South Africa's Quarterly Labour Force Survey.
This report also pointed out that the expanded definition of unemployment, which includes people who have stopped looking for work, decreased to 35.7% in the fourth quarter, from 36.3% in the previous quarter.
This is another reminder of the failures of government’s Neoliberal policies of the last two decades that have leaned on “market forces” and have seen more people sliding into poverty.
The federation reiterates its position that unemployment problem in South Africa will not be addressed if the flawed structure of the South African economy is left intact.