SA needs a plan to build an inclusive and growing economy to address highest unemployment rate since 2017
14 May 2019
The release of the StatsSA’s Quarterly Labour Force Survey today revealed that the South African official unemployment rate has increased to 27.6%, and the expanded unemployment rate increased to 38%, translating to 9.9 million unemployed people in South Africa. While the increase is marginal, it is indicative of an economy which is stagnant and shedding jobs at an alarming rate. This is compounded by a National Government that is devoid of a credible, long-term plan for jobs and the economy
This current trajectory is unsustainable. South Africa simply cannot afford to lose any more jobs.
This 0.5% increase represents millions South Africans who cannot put food on the table or provide their families with basic necessities.
In the brutal face of 15% VAT, an increase in electricity costs, looming winter blackouts and unchecked corruption, it is clear that the current National Government is working against all attempts to build an working economy.