South Africa’s unemployment fee rises to 32.5% in fourth quarter 2020 By Reuters


© Reuters. Job seekers stand exterior a development

PRETORIA (Reuters) – South Africa’s unemployment fee jumped to a brand new document excessive of 32.5% within the fourth quarter of 2020 from 30.8% within the third quarter, the statistics company stated on Tuesday.

Statistics South Africa put the variety of unemployed at 7.2 million folks within the fourth quarter, in comparison with 6.5 million within the earlier three months.

In keeping with an expanded definition of unemployment that features these discouraged from in search of work, 42.6% of the labour drive was with out work within the October-December quarter, amounting to 11.1 million folks, Stats SA knowledge confirmed.

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