Employment And Labour Minister concerned by increase in youth unemployment which overshadows gains in some industries While some industries have shown small.
Employment and labour minister concerned over increase of unemployment
By Opinion
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WHILE some industries have shown small employment gains – such as the finance (215 000), community (16 000), utilities (16 000), mining (12 000) and manufacturing (7 000 – the overall picture is still a cause for concern with a large decrease in employment between quarter 4 of 2020 and quarter 1 of 2021 among those industries that were classified non-essentials such construction and trade industries, with 87 000 and 84 000 jobs loss respectively.
The private households also shown employment decrease of 70 000 over the same period.
The Department of Employment and Labour is, however, confident that the employment trajectory will relatively surpass the current Covid-19 challenge. This is based on number of factors, among others, the Covid-19 vaccines programme and the Presidential Employment Stimulus which aims to cleate new job opportunities.
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Latest figures show SA is heading towards a disaster. 00:27
There isnât much work for those aged 24 and younger â the unemployment rate in this age group exceeds 63%. Image: Siphiwe Sibeko, Reuters
Blame whoever and whatever you want â be it government’s socialist-leaning policies, racism, BEE, colonialism, China, electricity shortages, crime, failing state-owned entities, greedy politicians, African immigrants, corruption, neo-liberal capitalism, the education system, white monopoly capital, the banking industry, snowflake millennials, the mining charter, Donald Trump or society â the latest unemployment figures from Statistics SA point towards a disaster.
The statisticians conclude that the unemployment rate in SA is still climbing and that according to the Quarterly Labour Force Survey (QLFS) has reached the highest level since the introduction of the survey in 2008.