SA unemployment rate increases to 30.8% in Q3 of 2020 - QLFS, Joburg man warns consumers to beware of Facebook car scams after he was conned, SA’s job market continues to decline as unemployment rate soars, Sun International welcomes lifting of international travel restrictions, I don't have the have power to unseal CR17 bank statements, says Ramaphosa, Cosatu not surprised by increase in SA's unemployment rate, blames policymaking, Sars reminds taxpayers of 16 Nov deadline before filing season closes, Preliminary vote counting shows DA the biggest loser in by-elections, 'I want him to pay,' says EFF member hit with bat in Brackenfell violence, Zuma lawyers handed deadline to give clarity on state capture appearance. Data are based on labour force surveys (LFS). Structural unemployment is the mismatch between workers' skills or locations and job requirements. And these 2,2 million people increased the number of people actively looking for employment from the second quarter, which was 4,3 million to 6,5 million people.”, According to the #QLFS report, there were 543 thousand more people employed in Q3:2020 compared with Q2:2020. By May 2020, the unemployment rate may have been as high as 16%. FACT CHECK: Does SA have the world’s ‘worst levels’ of youth unemployment. Statistician General Risenga Maluleke said, “We saw in the third quarter of 2020, a number of people - around 2,2m people– coming out of sitting at home and going to actively look for employment. The ten countries with the lowest unemployment rates are: The International Labor Organization's report found, however, that many of the 3.3 billion people employed throughout the world are working under poor conditions that do no offer economic security, decent work opportunities, and lack of material well-being. At the same time, economists and labour experts have warned that the factors, which influenced the figures, were unreliable as it weighed mainly on the impact of the hard lockdown to prevent the spread of COVID-19, which started in March and affected many businesses, as workers were compelled to stay home. JOHANNESBURG - South Africa’s unemployment rate increased by 7.5 percentage points to 30.8% in the third quarter of 2020 compared with the second quarter, according to data from Statistics South Africa. According to the Bureau of Labor Statistics, the U.S. unemployment rate was 3.8% before the COVID-19 pandemic (February 2020). The uniform application of this definition results in estimates of unemployment rates that are more internationally comparable than estimates based on national definitions of unemployment. Unemployment has many adverse effects. Labour: Labour market statistics, Snapshot of data for a fixed period (data will not change even if updated on the site). In the second quarter, the official unemployment rate decreased from 30.1% in the first quarter of 2020 to a record low of 23.3%. There are three types of unemployment: frictional, structural, and seasonal. However, the country was under a hard lockdown in the second quarter of the year, with prospective job seekers unable to look for work. Latest available data for a fixed period, ©
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