JUST IN | SA unemployment rate falls to 34.5% | Fin24

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JUST IN | SA unemployment rate falls to 34.5% | Fin24
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South Africa's official unemployment rate declined to 34.5% in the first quarter of 2022. | Fin24

According to the latest data, an estimated 370 000 jobs were gained between the fourth quarter of 2021 and the first quarter of 2022.

There is concern about the quality of employment data in SA, which has been collected via telephone since 2020. The latest quarterly numbers primarily used face-to-face interviews though. The official unemployment rate retreated from a record high of 35.3% in the fourth quarter of 2021 to 34.5% in the first quarter of 2022, Statistics SA reported on Monday.

For the second quarter in a row, the expanded unemployment rate - which includes discouraged work seekers who have given up looking for work – declined. It fell from 46.2% to 45.5%.According to the latest data, an estimated 370 000 jobs were gained between the fourth quarter of 2021 and the first quarter of 2022. The biggest job gains were recorded in community and social services, manufacturing and trade, while there were job losses in private households, finance, construction and agriculture.

The latest set of Quarterly Labour Force Survey numbers is published amid growing concern about the reliability of South Africa’s employment data.

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