SA Increases Number of Unemployed to 7.2 Million as Unemployment Rate Breaks New Record | End24
The official unemployment rate is now 32.5%.
- SA’s official unemployment rate has risen to 32.5%, in line with economists’ expectations.
- While there were improvements in employment during the fourth quarter, a million more people joined the workforce and added to those in the unemployment queue.
- Unemployment is still concentrated among young people and black Africans.
The country’s official unemployment rate has risen to a record 32.5%, as the number of unemployed in South Africa rose to 7.2 million in the fourth quarter of 2020.
Statistics South Africa (Stats SA) released the Quarterly Labor Force Survey (QLFS) on Tuesday, which showed that rising unemployment …