South Africa’s Unemployment Rises to 25.2%

09 May 2012 17:30 - Florence Fullalove

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South Africa’s Unemployment Rises to 25.2%

Statistics South Africa said unemployment have increased for the first quarter of 2012 from 23.9% to 25.2%. Economists had expected the rate to fall slightly to 23.6%. In the Quarterly Labour Force Survey, which is a household based survey started in 2008, the survey found that in the first quarter of this year, 4.5 million people were unemployed. Of the 4.5 million, 3.1 million or 67.8% have been looking for work for a year or more. Statistics SA said, “The expanded unemployment rate which relaxes the requirement of job search to be classified as unemployment also increased by 1.2% from 35.4% to 36.6% between the fourth quarter of 2011 and the first quarter of 2012.”

Business Unity South Africa (BUSA) had said after figures showed an increased in unemployment that the economy’s ability to sustain employment must be increased. They said, “BUSA believes that if unemployment in South Africa is to be successfully reduced, back-to-basics education, skills development, inclusive wage-setting and improved state capacity and infrastructure remain top priories.” BUSA said the unemployment results, “injects renewed urgency into the need to address policy constraints to employment in South Africa, and to encourage all practical measures in both the public and private sectors to enhance South Africa’s economic performance in the face of global challenges.”

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• Business Unity South Africa
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