Government together with all social partners will tackle unemployment
14 May 2019
The Statistician-General of South Africa, Risenga Maluleke has today released the first quarter labour force survey. The survey indicates that the level of unemployment has increased to 27.6%. The increase in the unemployment rate is a result of decline of 237 000 in the number of people in employment and an increase of 62 000 in the number of people who were unemployed between the fourth quarter of 2018 and the first quarter of 2019.
The high rate of unemployment is a serious concern to government; however there are a number of interventions that are being implemented to revive and stimulate economic growth. Unemployment requires all sectors of society to work together to address this challenge. The Youth Employment Service, Jobs Summit, Economic Stimulus recovery plan and Investment Conference are part of the broad short and long-term plan to reignite the economy.
The successful 2019 National and Provincial elections builds on the new wave of renewal and positive change that is sweeping across our nation. It reaffirms the stability that investors have been accustomed to since the start of our democracy. In refreshing our democratic mandate, South Africans have committed the country to build on its sound financial and economic policies.
Jobs and Investment Drive