Tag: structural unemployment

According to the Global Peace Index for 2020 by the Institute of Economics and Peace (IEP), violence costs South Africa about 13% of its gross domestic product (GDP) per year. South Africa ranks as the 26th most costly in the world, totalling $97.4 billion, or $1,971 per capita (in PPP terms).

Statistics South Africa has published the Quarterly Labour Force Survey (QFLS) for Q3 2021, showing how continued lockdown restrictions, load shedding, and the July riots impacted jobs in the country. The results show that the number of employed persons decreased by 660,000 in the third quarter of 2021 to 14.3 million.