The recent Quarterly Labour Force Survey (QLFS) conducted by Statistics South Africa (Stats SA) reveals encouraging employment trends. The report indicates a notable increase of 294,000 jobs, bringing the total employed individuals to 16.9 million. Simultaneously, the number of unemployed individuals decreased by 373,000, reducing the total to 8 million.
However, the report also highlights concerning developments. There has been a 5% increase in the number of discouraged work-seekers, adding 160,000 individuals to this category. Additionally, the "not economically active" population, comprising individuals not actively seeking work due to reasons other than discouragement, has risen by 54,000. This results in an overall increase of 214,000 in this group, bringing the total to 16.5 million.
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However, the report also highlights concerning developments. There has been a 5% increase in the number of discouraged work-seekers, adding 160,000 individuals to this category. Additionally, the "not economically active" population, comprising individuals not actively seeking work due to reasons other than discouragement, has risen by 54,000. This results in an overall increase of 214,000 in this group, bringing the total to 16.5 million.
What's sad about this sudden drop of unemployment rate is based on short term contracts (EPWP), Inservice Training and internships. It would've been great if it was based on permanent employment.
ReplyDeletePermannet employment is an illusion, it does not exist.
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