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South Africa jobs

2011: South Africa's Year of Job Creation?

Fernando Im's picture

The latest figures from the Quarterly Labor Force Survey (QLFS) indicate that the unemployment rate has fallen from 25.3% in 2010Q3 to 24% in 2010Q4.

After shedding 86,000 jobs between 2010Q2 and 2010Q3, employment increased by 1.2% q/q, adding 157,000 jobs between 2010Q3 and 2010Q4. Although these figures are encouraging, unemployment has been persistently high over the past decade.  Unemployment has not fallen below 21% since 2001. Moreover, as a result of the global financial crisis, over 1,000,000 jobs were lost.