Lots of people have lost their jobs from the past year to this year. The main cause of these high numbers of job losses proven to be the Covid-19 outbreak.
These high numbers of job losses was made evident or proven in the report released by Stats SA. The Stats SA estimated that 86,000 people have lost their jobs in various sectors this year. That means almost 10million people are unemployed in this country.
According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA), the formal non-agricultural sector shed 648 000 jobs in the second quarter of 2020. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to 9,5 million. According to the report, formal sector jobs decreased by 671 000 in the second quarter, year on year.
Year-on year, job losses were seen in all industries, showing a decrease of 671 000 employees (-6,6%) in June 2020 compared with June 2019.
These job losses has resulted to South Africa's unemployment rate earning new record high of 34.4% in the second quarter of 2021 from 32.6% in the first quarter.
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