AfricaYouth Rejoice as Unemployment Rate Falls in South Africa

Youth Rejoice as Unemployment Rate Falls in South Africa

-

- Advertisment -spot_img
BACK TO SCHOOL DEALS

Stats SA, South Africa’s statistics agency has announced a drop in the unemployment rate in the country, the first drop in nearly two years.

Youth Rejoice as Unemployment Rate Falls in South Africa

This, according to a statement from the government agency, “370,000 jobs were created between the fourth quarter of 2021 and the first quarter of 2022”.

FREE DELIVERY

The country was hit hard by the pandemic and since July 2020 that the number of jobless has been rising steadily.

The continent’s leading industrial power now has 14.9 million workers out of a population of nearly 60 million.

Read AlsoRite Foods Marks Children’s Day with Fun-filled Initiatives

The number of unemployed fell by 60,000 from the previous quarter to 7.9 million. The unemployment rate stands now at 34,5%.

Job creation benefited community and social services, manufacturing and trade sectors. Finance, construction and agriculture continued to lose jobs.

Read AlsoNigerian Biker Rides from London to Lagos to Fight Polio

It would be recalled that earlier this year, tensions flared against foreign workers.

The number of unemployed young people (15-34 years old) decreased by 0.1% compared to the end of last year to 4.7 million.

newswebbs
newswebbshttps://newswebbs.com
New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Bigi Annual ‘Watch & Win’ Promo Returns With Grand Prizes

Lagos, Nigeria - The award-winning Bigi Carbonated Soft Drink brand, a product of Rite Foods Limited, is delighted to...

‘Attempted Coup’ In Burkina Faso Foiled – Military Junta

Burkina Faso's military junta, on Wednesday evening claimed it foiled an 'attempted coup d'état' the previous day (Tuesday) in...

50 Persons Poisoned At Wedding Party

At least fifty (50) people were poisoned at a wedding in Iraq’s northern province of Kirkuk due to contaminated...

18 Persons In Police Net For Crossing Lagos Highways

Lagos, Nigeria - The Lagos Environmental Sanitation Corps (LAGESC) popularly known as KAI secured the arrest and subsequent arraignments...
- Advertisement -spot_imgspot_img

Financial Literacy: QNET Empowers Over 750 Youths

Lagos, Nigeria - In the second phase of FinGreen initiative, QNET, an e-commerce company, has partnered Transblue Nigeria Ltd....

CAF: Morocco, East Africans Hosts For 2025, 2027 AFCON

The Confederation of African Football (CAF) has named Morocco hosts for the 2025 AFCON, while a joint bid from...

Must read

Rite Foods Set To Showcase Award-winning Refreshing Brands At Lagos Trade Fair

The award-winning Rite Foods Limited has partnered with the Lagos State Chamber of Commerce & Industry (LCCI) for the 37th Annual Lagos International Trade Fair (LITF) and is fully prepared to exhibit its unique brands.

Public Relations Vs. Reputation Management: The Thin Line To Grasp And More

Whether you are setting out fresh from the ideation...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

Buy More, Save More