The document is the Quarterly Employment Statistics (QES) report released by Statistics South Africa for the second quarter of 2022. The report provides an overview of employment trends in the formal non-agricultural sector of the economy. The key findings indicate a decrease in the number of employees, mainly driven by the trade, business services, and manufacturing industries.
Key Takeaways:
South Africa's unemployment rate increased to 34.9% in the second quarter of 2022, up from 34.3% in the first quarter of the same year.
This represents an increase of 0.6 percentage points.
The youth (aged 15-24 years) experienced the highest unemployment rate at 65.5%, an increase of 0.8 percentage points compared to the first quarter of 2022.
Unemployment rates for individuals with tertiary education were lower at 20.3%.
But the labour force increased by 282,000 individuals in the second quarter of 2022, and the labour force participation rate increased by 0.5 percentage points to 59.8%.
Employment by Industry:
Employment by Sectors:
The number of employed persons increased by 84,000 during the second quarter of 2022.
Formal sector employment increased by 49,000, and informal sector employment increased by 35,000.
Private households saw a decrease of 11,000 in employment, while agriculture experienced a reduction of 9,000.
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