MyJobMag, a leading online job site in South Africa has announced today the release of research into the job market in South Africa via its published infographic titled: South Africa Unemployment Rate and Job Outlook 2022-2023
In this recent study taken from data from their platform and also government data, MyJobMag found that the job market is rapidly growing in South Africa.
Top 3 province with the highest unemployment rate are Eastern Cape, North West, Mpumalanga with unemployment rate at 42.4%, 39.0% and 35.1% respectively. Check out the full data here
It is also interesting to note that the largest increase in employment was recorded in Manufacturing (123 000), followed by Trade (82 000), Construction (46 000), Transport (33 000) and Community and social services (27 000)
In general, total unemployment rate in South Africa stands at 33.56% with unemployment defined as the labor force that is without work but available for and seeking employment. With a population of 60.6million people, the trend is worrisome, not only for South Africa but most Africa countries in general.
The research taken from government data discovered that there was growth in the number of employed person by about 1.5million persons representing an increase of 10.4% growth for Quarter 3 of 2022. With this statistic increasing every day it’s no surprise that the projection for employed person will continue to increase even though the number of unemployed increased by only 1.1% in the same time frame.
“Since launching the site, we have been at the forefront of publishing the latest jobs in South Africa thereby helping to contribute to the growth of the job market not only in South Africa but in Africa generally. With our site, you can browse for jobs at no cost to you or the employer. You can also read career advice by practicing HR managers,” said Ogugua founder at MyJobMag.
“Our position as a leading job site in Africa gives us a unique insight into trends and patterns in the industry and we will continue to push this eliminating basis in the industry”.
MyJobMag is the one of the leading job sites in Africa with presence in Nigeria, Kenya, Ghana and South Africa. For more information about MyJobMag South Africa, please visit https://myjobmag.co.za/
7 Atunwa Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Edition Biz journalist was involved in the writing and production of this article.