The announcement by Statistics SA of the latest unemployment rate again emphasizes the severe crisis our country faces. BUSA has consistently indicated our country is in crisis and that we are at the precipice of a cliff. The latest unemployment data worryingly takes us on the verge of jumping off that cliff!

The official jobless rate is 34.4%, but the extended rate, including those that have given up looking for jobs, is at a staggering 44.4%. This translates to 7 826 000 people wanting to work, but not able to find a job, and an additional 4 074 000 people that have given up looking for a job.

 

Full Statement Attached

 

Issued by BUSA