Asanda Matlhare
Intern Journalist
3 minute read
1 Dec 2021
5:30 am

Long way to go to decrease unemployment rate, says economist

Asanda Matlhare

On Tuesday, Statistics South Africa (Stats SA) released the Quarterly Labour Force Survey (QLFS) results for the third quarter of 2021, which were the highest since the start of the QLFS in 2008.

A sign on a factory gate in Anderbolt, Boksburg. 12 November 2020. Picture: Neil McCartney

As the country hit a new low with its high unemployment rate of 34.9%, not only is it an accurate depiction of how challenging South Africans are finding the job market, but a reflection of the weak broader economy in South Africa. On Tuesday, Statistics South Africa (Stats SA) released the Quarterly Labour Force Survey (QLFS) results for the third quarter of 2021, which were the highest since the start of the QLFS in 2008. “The results for the third quarter of 2021 show that the number of employed people decreased by 660 000 in the third quarter of 2021...