Tuesday, January 20, 2015

South Africa Unemployment

A website I found called unemployment-rate  it shows in graphs just how much Africa's unemployment rate can change, or stay the same. This website mainly focuses recent times, such as 2000-2015. In the third quarter of 2014, the unemployment rate decreased 25.40 percent. Unemployment Rate in South Africa averaged 25.27 percent from 2000 until 2014, reaching an all time high of 31.20 percent in the first quarter of 2003 and a record low of 21.50 percent in the fourth quarter of 2008.

Unemployment rate measures the number of people who are actively looking for a job at that time as a percentage of the labor force. The number of people in Africa who stopped looking for jobs increased 3.9 percent and the labor force participation rate fell .2 percent to 57.1 percent. Agricultural industry increased employment by 16,000 while a decrease of private households were observed as 110,000. Does this mean that employment really depends on how crops and industries are going at that time?

In the first quarter of 2014, South Africa’s jobless rate rose to 25.2 percent from 24.1 percent in the previous three months. There were 5.067 million people without work, up from 4.83 million in the preceding quarter, mainly due to job losses in agriculture, trade and transport.

Due to this website, it looks like to me that Africa's unemployment is not all that bad. Employment should never be a huge issue because parents need to support their families, but the numbers could be worse. Especially since now know a portion of these percent are people who are not seeking a job. None of the unemployment percentages are over 50 percent, so I think that's a good spot to be in.

South Africa Unemployment Rate

4 comments:

  1. The charts show that the unemployment rate has increased which it shouldn't. As the years go on the government should realize that the unemployment rate isn't getting any better. Also, the fact that the number of people that stopped looking for jobs increased is pretty bad. They know its nearly impossible to find a job and are now discouraged.

    ReplyDelete
    Replies
    1. I feel like this chart should have opened the governments eyes. Like you said it clearly shows the unemployment rate increasing and the amount of people who are not looking for jobs increasing. The government shouldn't want their people to loose hope, but this chart clearly shows that a lot of people are.

      Delete
    2. I feel like over time the rates should go down and not up. This should show Africa that clearly something they're doing isn't right. I agree that it should open their eyes and make them realize that the unemployment rates are increasing insanely. The government should be wanting better for their country instead of not caring. If this doesn't open their eyes , then what more will it take?

      Delete
  2. If the government doesn't see the problem here, someone needs to show them this chart. Maybe seeing this will make them realize that the problem is only getting worse and something needs to be done asap before matters get even worse than they are now. A lot of people have lost hope and have given up trying. That should be the last thing the government wants, it makes them look bad.

    ReplyDelete