South Africa’s unemployment rate trended upwards in the first quarter of 2023 amid the inflated cost of living, rising interest rates, increasing fuel prices, and worsening load shedding.by Statistics South Africa on Tuesday , shows that official unemployment increased by 0.2 percentage points from 32.7% in the fourth quarter of 2022 to 32.9% in the first quarter of 2023.
Compared to Q4 2022, the working-age population increased by 571,000 or 1.4%. The total number of persons employed was 16.2 million in Q1 2023. Employment losses were recorded in Mpumalanga , Free State , and the North West during the same period. Western Cape had the biggest percentage change in employment year-on-year, with an increase of 15.7%, followed by Eastern Cape and Limpopo, with gains of 9.9% and 9.7%, respectively.The Western Cape is the only province with an unemployment rate still below 30%, with all other provinces sitting with between 39% and 50% of their adult populations without work or not seeking employment.
State power utility Eskom has implemented the worst power outages on record due to its inability to produce enough megawatts to meet demand, leaving South Africans without electricity for up to 10 hours a day.
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