Gauteng unemployment: Nothing to celebrate as cost-of-living increases
14 November 2023
The Gauteng unemployment rate for the third quarter of 2023 stands at 2 557 000, which is equivalent to 33.7%. The unemployed residents of this province are struggling to make ends meet, which has been worsened by the high cost of living coupled with load-shedding and corruption, which is killing the economy.
This is a clear indication that the current government is failing to create a conducive environment for the private sector to invest and create employment opportunities.
There are 611 000 discouraged job seekers in the province who have lost hope in ever finding employment opportunities. In most cases, these discouraged job seekers have qualifications and skills, yet there are no tangible opportunities.
This happens despite Gauteng Premier Panyaza Lesufi’s Nasi Ispani Programme continuing to recruit unemployed youth in various sectors. This shows that Lesufi’s job creation initiatives are not making any difference to the unemployment rate in the province.