SAFTU appalled at yet another unemployment rise
30 October 2018
The South African Federation of Trade Unions is appalled by yet another rise in the rate of unemployment. The statistics for the third quarter of 2018 released in Statistics SA’s Quarterly Labour Force Survey are that unemployment has risen from the already high figure of 27.2% in the second quarter to 27.5%.
The more realistic expanded unemployment rate, which includes discouraged work seekers, increased slightly from 37.2% to 37.3%. This brings the total number of unemployed South Africans to 9.8 million!
The unemployment rate for South Africans between the ages of 15 and 24 remains at the outrageous level of 52.8%.
And worse is to come. The predicted minimal economic growth rate of 0.7% in this year is having the inevitable effect of destroying jobs.