7 min
SA's jobless rate edges to 33% The Money Show
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- Investing
South Africa's Q1 unemployment rate surged to 32.9%, with 8.2 million unemployed despite a slight uptick in employment. Youth joblessness remains high at 4.9 million, though slightly decreasing to 44.5%. While formal sector jobs rose by 56,000, the informal sector lost 100,000 positions. Regional disparities persist, with some provinces showing gains while others declined.
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South Africa's Q1 unemployment rate surged to 32.9%, with 8.2 million unemployed despite a slight uptick in employment. Youth joblessness remains high at 4.9 million, though slightly decreasing to 44.5%. While formal sector jobs rose by 56,000, the informal sector lost 100,000 positions. Regional disparities persist, with some provinces showing gains while others declined.
See omnystudio.com/listener for privacy information.
7 min