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SA’s unemploiyment rate increases

The South African unemployment rate increased to 27.6% during the first quarter of 2019.

According to eNCA the Quarterly Labour Force Survey conducted by Stats SA which was released on Tuesday morning revealed that unemployment has increased by half a percentage from the end of 2018.

A 0.5% increase means that around 16.3-million people are employed in the country while around 6.2-million people are unemployed, between the ages of 15 and 64 years.

The increase in unemployment will add more pressure to the South African economy, but is in line with the flow growth during the first quarter.

This is also inline with the seasonal trend which sees many sectors who employed temporary staff over the festive season, have been laying off.

Employment gains however occurred in the transport sector, trade, utilities and manufacturing compared to the same period last year.