According to Stats SA, South Africa’s statistics agency there has been a reduction in the unemployment rate, the first drop in nearly two years.
370,000 jobs were created between the fourth quarter of 2021 and the first quarter of 2022 According to a statement from the government agency.
During the pandemic, the country witnessed a high rate of unemployment and since July 2020, the rate of unemployment has been on a steady rise. Out of a population of 60 million, the continent’s leading industrial power has 14.9 million workers.
With unemployment rate now at 34,5%, The number of unemployment has fallen by 60,000 from the previous quarter to 7.9 million.
Earlier this year, tensions flared against foreign workers. Job creation continues to benefit community and social services, manufacturing and trade sectors while Finance, construction and agriculture keeps losing jobs.
Compared to the end of last year, the number of unemployed young people (15-34 years old) decreased by 0.1% to 4.7 million.
