South Africa Jobless Rate Rises
World Economy

South Africa Jobless Rate Rises

South Africa’s unemployment rate rose to 26.7% of the labor force in the first quarter of this year from 24.5% in the fourth quarter of 2015, data from the statistics office showed on Monday, Mineweb reported. In its quarterly labor force survey which polls households, Statistics South Africa said this amounted to 5.714 million people without jobs in the first quarter compared with 5.2 million previously. Analysts polled by Reuters expected the unemployment rate to edge up to 25.3% in the first quarter. The expanded definition of unemployment, which includes people who have stopped looking for work, was at 36.3% in the first three months of the year, versus 33.8% previously. The figure is the highest in the history of the survey which began in 2008, the head of the statistics agency said. “The economic climate is not helping,” said Statistician-General Pali Lehohla, referring to an economy still struggling to grow after a 2008-09 recession slashed about a million jobs.


Short URL : http://goo.gl/HKXYQL
  1. http://goo.gl/O0dUlm
  • http://goo.gl/5Qm8zq
  • http://goo.gl/He1wnl
  • http://goo.gl/XmThBb
  • http://goo.gl/6AmF1u

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...