{"id":298918,"date":"2019-02-12T18:19:32","date_gmt":"2019-02-12T16:19:32","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=298918"},"modified":"2019-02-12T18:19:32","modified_gmt":"2019-02-12T16:19:32","slug":"south-africas-real-unemployment-rates-graduates-vs-matric-vs-no-qualification","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/298918\/south-africas-real-unemployment-rates-graduates-vs-matric-vs-no-qualification\/","title":{"rendered":"South Africa’s ‘real’ unemployment rates – graduates vs matric vs no qualification"},"content":{"rendered":"

Statistics South Africa has released its\u00a0Quarterly Labour Force Survey for the fourth quarter of 2018, showing that South Africa ended last year with an unemployment rate of 27.1%.<\/p>\n

This puts the unemployment rate at 0.4 of a percentage point lower than Q3 2018, where the rate climbed marginally to 27.5%.<\/p>\n

However, as in previous surveys, there is a clear distinction between the unemployment rates across various education levels.<\/p>\n

The latest report shows that of the 6.1 million unemployed persons in Q4 2018, about 57.1% had an education level below matric, followed by those with a matric at 34.2%.<\/p>\n

By comparison, only 1.7% of the unemployed persons were graduates, while 6.3% had some form of tertiary qualification as their highest level of education.<\/p>\n

The below graph shows how the unemployment rate by education status has changed in South Africa from 2011 to 2018.<\/p>\n

\"\"<\/a><\/p>\n

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Employers are looking for graduates<\/strong><\/p>\n

According to the Department of Labour’s latest job opportunities and employment report<\/a> <\/strong>released in November 2018, there is also a clear demand for graduates in the workplace.<\/p>\n

The report is based on a combination of online and newspaper advertisements, with data disaggregated by occupation, industry and province.<\/p>\n

Overall, 38.6% of the total job vacancies advertised in 2017\/18 required people with degree or diploma educational achievements.<\/p>\n

This implies that there is a shift to a more educated labour force leading to an increasing share of high-skilled jobs in the economy, the Department of Labour said.<\/p>\n

“The impact in the labour market is that those with less than grade 12 educational achievements will probably remain unemployed in the long-run as it was also noted that the Fourth Industrial Revolution will also bring its own labour market challenges.”<\/p>\n

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Read:\u00a0South African unemployment rate drops to 27.1%<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Statistics South Africa has released its\u00a0Quarterly Labour Force Survey for the fourth quarter of 2018.<\/p>\n","protected":false},"author":10,"featured_media":50574,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26],"class_list":["post-298918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/298918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=298918"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/298918\/revisions"}],"predecessor-version":[{"id":298942,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/298918\/revisions\/298942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/50574"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=298918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=298918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=298918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}