The number of unemployed persons increased by 278 000 to 7.9 million. Photo Reuters
The number of unemployed persons increased by 278 000 to 7.9 million. Photo Reuters

SA confirms record unemployment rate

After a delay of more than a month, Statistics South Africa (Stats SA) finally released the latest unemployment data, which showed a record jobless rate.

The official unemployment rate increased by 0.4 percentage points to 35.3% in the fourth quarter of 2021, the highest since the start of the Quarterly Labour Force Survey (QLFS) in 2008.

But the expanded unemployment rate, which includes discouraged work seekers who have given up looking for work, fell by 0.4 percentage points to 46.2%.

The number of employed persons increased by 262 000 to 14.5 million, while the number of unemployed persons also increased by 278 000 to 7.9 million. Formal sector employment increased by 143 000 jobs, while the informal sector shed 48 000 jobs.

Private households, trade as well as community and social services saw new job creation, while manufacturing and construction shed jobs.

Stats SA said that it had to postpone the release due to “quality checks”.

Stats SA is supposed to collect data on the employment status of 33 000 household, which is extrapolated to determine the jobless rates for around 40 million adults in the country.

But in March 2020, it stopped face-to-face interviews of households as a result of the pandemic, and switched to “computer-assisted” telephone interviews, which reached fewer people. This has had “limitations”, with “low response rates”, Stats SA said. In the fourth quarter, there were responses on only fewer than 45% of calls made, compared to almost 77% in the second quarter of 2020.

Quality checks of these interviews took longer than expected, resulting in the delay of the employment data, Stats SA said.

- Reuters

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Premier League: Manchester United 3 vs 2 Newcastle | Brighton 1 vs 2 Chelsea | Tottenham Hotspur 0 vs 2 Manchester City | Aston Villa 3 vs 3 Liverpool LaLiga: Celta Vigo 2 vs 1 Athletic Club | Getafe 0 vs 3 Atletico Madrid | Sevilla 0 vs 1 Cadiz | Rayo Vallecano 2 vs 1 Granada | Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca | Barcelona 2 vs 0 Real Sociedad SerieA: Fiorentina 2 vs 1 Monza | Lecce 0 vs 2 Udinese Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 11° | 31° Oshakati: 13° | 30° Ruacana: 13° | 30° Tsumeb: 14° | 28° Otjiwarongo: 12° | 27° Omaruru: 14° | 28° Windhoek: 11° | 26° Gobabis: 13° | 26° Henties Bay: 19° | 35° Wind speed: 42km/h, Wind direction: E, Low tide: 04:48, High tide: 10:54, Low Tide: 16:42, High tide: 23:24 Swakopmund: 20° | 26° Wind speed: 26km/h, Wind direction: S, Low tide: 04:46, High tide: 10:52, Low Tide: 16:40, High tide: 23:22 Walvis Bay: 23° | 34° Wind speed: 34km/h, Wind direction: SE, Low tide: 04:46, High tide: 10:51, Low Tide: 16:40, High tide: 23:21 Rehoboth: 12° | 26° Mariental: 15° | 28° Keetmanshoop: 18° | 29° Aranos: 15° | 28° Lüderitz: 19° | 35° Ariamsvlei: 19° | 31° Oranjemund: 14° | 26° Luanda: 25° | 26° Gaborone: 15° | 29° Lubumbashi: 11° | 27° Mbabane: 14° | 28° Maseru: 10° | 24° Antananarivo: 12° | 22° Lilongwe: 14° | 28° Maputo: 17° | 30° Windhoek: 11° | 26° Cape Town: 16° | 20° Durban: 18° | 25° Johannesburg: 15° | 25° Dar es Salaam: 23° | 32° Lusaka: 15° | 27° Harare: 12° | 25° Currency: GBP to NAD 23.03 | EUR to NAD 19.79 | CNY to NAD 2.52 | USD to NAD 18.21 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.91 | USD to AOA 847.42 | USD to BWP 13.53 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1520 | USD to ZAR 18.22 | USD to ZMW 25.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79361.57 Up +0.93% | Namibian Stock Exchange (NSX) Overall Index 1732.62 Up +1.27% | Casablanca Stock Exchange (CSE) MASI 13421.4 Down -0.59% | Egyptian Exchange (EGX) 30 Index 25316.08 Down -0.09% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 381.53/OZ DOWN -0.0043 | Copper US$ 4.84/lb DOWN -0.0113 | Zinc US$ 2 972.50/T DOWN -0.37% | Brent Crude Oil US$ 83.74/BBP UP +0.56% | Platinum US$ 1 056.43/OZ DOWN -0.0126 Sport results: Premier League: Manchester United 3 vs 2 Newcastle | Brighton 1 vs 2 Chelsea | Tottenham Hotspur 0 vs 2 Manchester City | Aston Villa 3 vs 3 Liverpool LaLiga: Celta Vigo 2 vs 1 Athletic Club | Getafe 0 vs 3 Atletico Madrid | Sevilla 0 vs 1 Cadiz | Rayo Vallecano 2 vs 1 Granada | Girona 0 vs 1 Villarreal | Real Madrid 5 vs 0 Deportivo Alaves | Osasuna 1 vs 1 Mallorca | Barcelona 2 vs 0 Real Sociedad SerieA: Fiorentina 2 vs 1 Monza | Lecce 0 vs 2 Udinese Weather: Katima Mulilo: 11° | 31° Rundu: 11° | 30° Eenhana: 11° | 31° Oshakati: 13° | 30° Ruacana: 13° | 30° Tsumeb: 14° | 28° Otjiwarongo: 12° | 27° Omaruru: 14° | 28° Windhoek: 11° | 26° Gobabis: 13° | 26° Henties Bay: 19° | 35° Wind speed: 42km/h, Wind direction: E, Low tide: 04:48, High tide: 10:54, Low Tide: 16:42, High tide: 23:24 Swakopmund: 20° | 26° Wind speed: 26km/h, Wind direction: S, Low tide: 04:46, High tide: 10:52, Low Tide: 16:40, High tide: 23:22 Walvis Bay: 23° | 34° Wind speed: 34km/h, Wind direction: SE, Low tide: 04:46, High tide: 10:51, Low Tide: 16:40, High tide: 23:21 Rehoboth: 12° | 26° Mariental: 15° | 28° Keetmanshoop: 18° | 29° Aranos: 15° | 28° Lüderitz: 19° | 35° Ariamsvlei: 19° | 31° Oranjemund: 14° | 26° Luanda: 25° | 26° Gaborone: 15° | 29° Lubumbashi: 11° | 27° Mbabane: 14° | 28° Maseru: 10° | 24° Antananarivo: 12° | 22° Lilongwe: 14° | 28° Maputo: 17° | 30° Windhoek: 11° | 26° Cape Town: 16° | 20° Durban: 18° | 25° Johannesburg: 15° | 25° Dar es Salaam: 23° | 32° Lusaka: 15° | 27° Harare: 12° | 25° Economic Indicators: Currency: GBP to NAD 23.03 | EUR to NAD 19.79 | CNY to NAD 2.52 | USD to NAD 18.21 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.91 | USD to AOA 847.42 | USD to BWP 13.53 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1520 | USD to ZAR 18.22 | USD to ZMW 25.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79361.57 Up +0.93% | Namibian Stock Exchange (NSX) Overall Index 1732.62 Up +1.27% | Casablanca Stock Exchange (CSE) MASI 13421.4 Down -0.59% | Egyptian Exchange (EGX) 30 Index 25316.08 Down -0.09% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 381.53/OZ DOWN -0.0043 | Copper US$ 4.84/lb DOWN -0.0113 | Zinc US$ 2 972.50/T DOWN -0.37% | Brent Crude Oil US$ 83.74/BBP UP +0.56% | Platinum US$ 1 056.43/OZ DOWN -0.0126