Persistence in Labor Market Weakness

SOUTH AFRICA - Report 30 Jul 2013 by Iraj Abedian
Robust and sustainable job creation remains a key economic challenge in South Africa. According to figures released by StatsSA, employment posted a 0.7% quarter-on-quarter increase in the second quarter of 2013, while unemployment rose by 2.6% q/q during the same quarter (Q2 2013). Against this backdrop, the unemployment rate edged higher, from 25.2% in Q1 2013 to 25.6% in Q2 2013 (see Graph 1 below). Graph 1 Quarterly Unemployment Rate, South Africa, Q1 2011 – Q2 2013 Source: StasSA & PAIRS. The lackluster Q2 2013 labor force survey outcome confirms our view that prospects of decent job gr...

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