The unemployment rate fall to 34.5% in the first quarter of 2022, compared to 35.3% recorded during the fourth quarter of 2021. Photo Reuters
The unemployment rate fall to 34.5% in the first quarter of 2022, compared to 35.3% recorded during the fourth quarter of 2021. Photo Reuters

South Africa’s unemployment rate falls

During the first quarter of 2022
An estimated 370 000 jobs were gained between the fourth quarter of 2021 and the first quarter of 2022.
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.

Unemployment was highest among those aged 15 to 24 years (63.9%) and 25 to 34 years (42.1%).

Some 3.8 million out of 10.2 million people aged 15 to 24 years were not in employment, education or training (NEET). The overall NEET rate increased by 4.6 percentage points in the past year.

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

Statistics SA is meant to collect data on the employment status of 33 000 households – which is extrapolated to determine the jobless rates for around 40 million adults in the country.

Fin24 previously reported that the head of the Statistics Council, the advisory board to Statistics SA, raised the alarm about the quality of the unemployment data, and called an urgent meeting of the council following the last QLFS release.

In March 2020, Statistics SA stopped face-to-face interviews of households as a result of the pandemic, and switched to telephone interviews, which reached far fewer people. In the final quarter of 2021, only 14 242 households were interviewed for the QLFS. In Gauteng, only 23% of respondents replied, with the response rate in Johannesburg of 17.9%.

For the latest set of results, employment data collection was mainly conducted using face-to-face interviewing. On Monday, Statistics SA said there was an improvement in its response rate as a result.

– Fin24

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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 | EUR to NAD 19.78 | CNY to NAD 2.52 | USD to NAD 18.2 | 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 134.21 | USD to AOA 834.06 | USD to BWP 13.53 | USD to EGP 46.9 | USD to KES 130.23 | USD to NGN 1519 | USD to ZAR 18.2 | USD to ZMW 25.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78632.56 Down -0.07% | Namibian Stock Exchange (NSX) Overall Index 1710.9 Down -2.52% | 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$ 2 381.84/OZ DOWN -0.0042 | Copper US$ 4.87/lb DOWN -0.0054 | Zinc US$ 2 979.80/T DOWN -0.12% | Brent Crude Oil US$ 83.30/BBP UP +0.03% | Platinum US$ 1 063.59/OZ DOWN -0.0059 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 | EUR to NAD 19.78 | CNY to NAD 2.52 | USD to NAD 18.2 | 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 134.21 | USD to AOA 834.06 | USD to BWP 13.53 | USD to EGP 46.9 | USD to KES 130.23 | USD to NGN 1519 | USD to ZAR 18.2 | USD to ZMW 25.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 78632.56 Down -0.07% | Namibian Stock Exchange (NSX) Overall Index 1710.9 Down -2.52% | 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$ 2 381.84/OZ DOWN -0.0042 | Copper US$ 4.87/lb DOWN -0.0054 | Zinc US$ 2 979.80/T DOWN -0.12% | Brent Crude Oil US$ 83.30/BBP UP +0.03% | Platinum US$ 1 063.59/OZ DOWN -0.0059