South Africa’s Joblessness at 13-Year High
South Africa’s Joblessness at 13-Year High

South Africa’s Joblessness at 13-Year High

South Africa’s Joblessness at 13-Year High

South Africa’s unemployment rate rose to the highest in over a decade in the third quarter as more people started looking for employment, Yahoo reported. The unemployment rate rose to 27.1% in the quarter through September, from 26.6% in the previous three months, Statistics South Africa said in a report released on Tuesday in Pretoria. That is the highest unemployment rate since 2003, according to data from the International Monetary Fund. The median of six economist estimates compiled by Bloomberg was for unemployment to stay unchanged from the second quarter. The number of people without jobs rose by 239,000 to 5.9 million while those employed increased by 288,000 to 15.8 million.

Short URL : https://goo.gl/dNZJ66
  1. https://goo.gl/HKIg71
  • https://goo.gl/fbceH2
  • https://goo.gl/ILuJBM
  • https://goo.gl/UjoMvn
  • https://goo.gl/hxTUhW

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
Copper Prices to Go on Steroids
Copper’s slump amid a deepening global trade conflict offers a...

Add new comment

Read our comment policy before posting your viewpoints