SA sets new unemployment record

03 December 2021 | Economics

South Africa's unemployment rate rose again in the third quarter of 2021 to set a new record of 34.9 percent, the government statistics office StatSA announced Tuesday.

"The number of employed persons decreased by 660 000 in the third quarter of 2021 to 14.3 million" out of a total population of 59 million, StatSA said in a statement.

The official unemployment rate had stood at 34.4 percent for the previous quarter.

The report noted that 37.3 percent of women are unemployed compared with 32.9 percent for men. Black women are 41.5 percent unemployed compared with 9.9 percent of white women.

All sectors of the economy saw job losses between the second and third quarters of 2021, except the finance sector, StatSA's report said.

South Africa, the continent's most industrialised economy and hit the hardest by Covid-19, was already in recession when the pandemic hit in March 2020.-Nampa/AFP

Similar News

 

N$8.8 billion gained in export earnings

18 hours ago | Economics

PHILLEPUS UUSIKUNamibia gained about N$8.8 billion in exports earnings in November 2021, an increase of 1.3% when compared to N$8.7 billion recorded in October 2021....

NISS records settlement value of N$1 trillion

18 hours ago | Economics

PHILLEPUS UUSIKUDue to high volumes of the new domestic electronic funds transfer (EFT) system streams, utilisation of the lending facilities, the purchase and resell of...

US sanctions strangling Zim economy

18 hours ago | Economics

FANUEL JONGWECallisto Jokonya stands in the cavernous factory of Imperial Refrigeration and recalls the halcyon days. In the 1990s, his factory, located in the Zimbabwean...

UK inflation pushes cost of living

18 hours ago | Economics

ROLAND JACKSONThe annual rate of inflation in Britain rose to a near 30-year high in December, official data showed Wednesday, stoking fears about a cost-of-living...

Malpass urges Microsoft to help poor countries

18 hours ago | Economics

After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on Wednesday drew...

Oil prices hover around 2014 highs

18 hours ago | Economics

NAVEEN THUKRAL AND ROSLAN KHASAWNEHOil steadied on Thursday, clawing back losses earlier in the session, as strong demand and short-term supply disruptions continue to support...

New vaccine plant in South Africa opens

18 hours ago | Economics

WENDELL ROELFSouth African-American businessman Patrick Soon-Shiong opened a new vaccine plant in Cape Town on Wednesday, intended to help his local NantSA company make Covid-19...

Kenyan tourism begins to recover

18 hours ago | Economics

GEORGE OBULUTSAKenya's tourism industry has started to pull out of its deep Covid-19-induced slump as local travellers take advantage of lower prices, the government said...

The New Range Rover

18 hours ago | Economics

The New Range Rover makes every journey an occasion, combining advanced technology with modern luxury to deliver peerless refinement in any environment and for every...

Bond yields in Namibia expected to rise

1 day - 20 January 2022 | Economics

PHILLEPUS UUSIKU Bond yields in Namibia are expected to rise in 2022, more for the medium to long end of the yield curve, as foreign...

Latest News

N$8.8 billion gained in export...

18 hours ago | Economics

PHILLEPUS UUSIKUNamibia gained about N$8.8 billion in exports earnings in November 2021, an increase of 1.3% when compared to N$8.7 billion recorded in October 2021....

NISS records settlement value...

18 hours ago | Economics

PHILLEPUS UUSIKUDue to high volumes of the new domestic electronic funds transfer (EFT) system streams, utilisation of the lending facilities, the purchase and resell of...

In the jaws of justice

18 hours ago | Justice

ELLANIE SMIT, JANA-MARI SMITH, MATHIAS HAUFIKU AND OGONE TLHAGE · Esau spent N$900k from undeclared account while...

Working with high standards of...

18 hours ago | People

Wetumwene Shikage Not expecting to find a smooth and easy way of work, Romario Arnat describes his working experience as an eye-opener as to how...

Taking steady growing curves

18 hours ago | People

Wetumwene Shikage Timothy Olivier’s passion and dedication has been a key driver in his success not only within Old Mutual, but throughout his...

US sanctions strangling Zim economy...

18 hours ago | Economics

FANUEL JONGWECallisto Jokonya stands in the cavernous factory of Imperial Refrigeration and recalls the halcyon days. In the 1990s, his factory, located in the Zimbabwean...

UK inflation pushes cost of...

18 hours ago | Economics

ROLAND JACKSONThe annual rate of inflation in Britain rose to a near 30-year high in December, official data showed Wednesday, stoking fears about a cost-of-living...

Malpass urges Microsoft to help...

18 hours ago | Economics

After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on Wednesday drew...

I’m not politicking with housing...

18 hours ago | Politics

NAMPA WINDHOEKThe housing crisis in Namibia is beyond politics and could lead to a civil war if not addressed in an...

Load More