Jobs stats grim, but state can play big role in helping to fix things

Real unemployment is close to 45%, so there's a need to reduce the broader cost of doing business

29 August 2021 - 00:00 By HUGO PIENAAR

The latest unemployment figures from Statistics SA were greeted with shock and outrage. It is a major concern that, according to the Quarterly Labour Force Survey (QLFS), 7.8-million people were officially unemployed in the second quarter of 2021.

The reality is worse. When we add people who have given up looking for work, we have almost 12-million people willing and able but not employed. Given an estimated labour force of about 27-million, this means the expanded unemployment rate is near 45%...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.