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Employment in the formal sector decreased by over 80 000 from March to June

28 September 2021, 1:00 PM  |  Amina Accram  | 

Total employment for the formal sector of the economy decreased by 86 000 quarter-on-quarter, from 9 652 000 in March 2021 to 9 566 000 in June 2021.

This was largely due to employment decreases in community services manufacturing, construction and business services.

However, according to the new data from Statistics South Africa, mining and transport sectors of the economy increased jobs.

Total employment increased by 60 000 year-on-year between June 2020 and June 2021.

Unemployment increased to 34.4% in the second quarter of this year

Statistician-General Risenga Maluleke announced the latest quarterly stats in Pretoria.

The survey showed that the number of employed persons decreased by 54 000 in the second to 14.9 million.

It further indicates that the number of unemployed persons increased by 584 000.

Maluleke says, “The unemployment rate for the 2nd quarter for 2021 – the number of those who were employed in the 1st quarter of 2021 has declined in the 2nd quarter by 54 000 people. The number of unemployed increased by 584 000 people from 7.2 million people to 7.8 million people. The unemployment rate of SA in the 2nd quarter of 2021 is 34.4% – this is the highest we have seen since 2008.”

Economist and employment analyst Andrew Levy says, “That is an increase of 2.4% and that is a huge number and obviously we can put this to the post-COVID situation and the ongoing retrenchments that are being seen right across the economy, obviously also reflecting the very negative economic outlook we are facing. So all in all a serious wake-up call to everyone, government, the departments dealing with labour.”

Labour union federation Cosatu’s deputy parliamentary coordinator Matthew Parks reacts to the figures:

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