Labor expert Tony Healy described the drop in South Africa’s unemployment rate in the third quarter as good news.
Data released on Tuesday showed the unemployment rate fell from 33.9% in the second quarter to 32.9% in the third quarter of the year.
Unemployment statistics Labor market trends: Unemployment fell to 32.9% in the third quarter.
Statistics show that 204,000 jobs were created in the second and third quarters of the year, and the total number of people employed reached 15.8 million.
The largest number of jobs increased in industry, trade, construction and transport.
Healy says the numbers are encouraging.
“Yes, we should be encouraged by the fact that for three quarters in a row we have had a decline in unemployment, especially in light of the fact that we have problems with the Eskom shutdown. I guess that should be good news, but unfortunately the reality is that we still have almost 12 million unemployed people and it’s a really serious national crisis.”
Employment consultant Tony Healy on the latest unemployment statistics
