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COSATU Free State is concerned about the increase in unemployment rate in the Province
COSATU Free State has noted with shock and disbelief the content of the Third Quarter 2016 Quarterly Labour Force Survey by Stats SA and we believe that a very grim picture has begun to take shape. We are faced with a reality that job creation seems to be moving further and further away from our grasp which means our quest to improve the socio economic status of the citizens of our country remains a far cry.
The report states that the unemployment stands at 34% using the narrow definition but on the broader definition it stands at a whopping 40%. In Q3: 2016, 30,6% of youth aged 15-24 years were not in employment, education or training (NEET), this is a percentage point increase compared to the same period last year. Over the period, the NEET rate among females was higher than those of their male counterparts irrespective of age group. In both Q3: 2015 and Q3: 2016, more than 50% of female youth in the 20-24 year age group were not in employment, education or training.
As a Federation we are seriously perturbed by the abovementioned picture which confirms the long held view that the poverty and unemployment is deepening in our country and subsequently in the Province. We have taken a decision as an Alliance to convene the Economic Summit early in 2017 to respond to the declining economic situation in the Province and this matter would also come in as a priority.
COSATU, ANC, SACP and SANCO had made an acknowledgement that the economic situation of the province needs an urgent attention to improve the socio economic challenges of our country whereby high levels of unemployment should be cut down with the urgency it requires.
As COSATU Free State we remain resolute in our fight against the triple challenges of poverty, unemployment and inequality in the province, as a result we would be finalizing our discussion paper on how to turn around the economy of the Free State.
Issued by COSATU Free State
Enquiries Provincial Secretary Monyatso oa Mahlatsi 010 219 1373 or 076 115 9923