Stats SA has released the unemployment statistics for the third quarter of the year, which revealed a 7.5 percent increase compared to the second quarter of 2020.
Statistics South Africa (Stats SA) took to Twitter on Thursday, 12 November 2020, to reveal the unemployment rates for the third quarter of the year. The unemployment rate is currently at an all-time high in South Africa in recent years, as 30.8 percent of the country’s citizens are unemployed.
The current figures mark a 7.5 percent increase from the second quarter of the year. In elaborating in the unemployment rate, Stats SA has noted an increase in the number of active employment seekers with the easing of lockdown restrictions, which has ultimately impacted the statistics. In quarter two, during the height of the lockdown, many reportedly stopped seeking work and were not considered unemployed, therefore, leading to a relatively lower number in the unemployment rate.
However, what the percentage did reveal was that South Africa does have a serious crisis to address, especially considering that a large percentage of the unemployed is the youth.
See the post below.
— Stats SA (@StatsSA) November 12, 2020