Home Business South Africa Q3 unemployment rate at 29.1%, 11-year high

South Africa Q3 unemployment rate at 29.1%, 11-year high

0

 

South Africa’s unemployment rate stood at 29.1 % in the third quarter versus 29% in the previous quarter, remaining at its highest level in more than a decade, official data showed on Tuesday.

There were 6.7 million people without jobs in the three months to September 30, unchanged from the prior quarter, Statistics South Africa said its quarterly labour force survey.

It was the highest jobless rate since the survey started in 2008, statistician general Risenga Maluleke said.

The expanded definition of unemployment, which includes people who have stopped looking for work, was 38.5%, unchnaged from the previous quarter.

REUTERS

 

nigeria_news_access_bank_online

Like and Share this:

ADD YOUR COMMENT

Please enter your comment!
Please enter your name here