South Africa’s unemployment rate jumped from 30.8% in the third quarter to a new record of 32.5% in the fourth quarter of 2020, statistics agencies said Tuesday.
Statistics South Africa has 7.2 million unemployed in the fourth quarter, compared to 6.5 million in the last three months.
According to an extended definition of unemployment, including those who are discouraged from looking for a job, 42.6% of the workforce was unemployed in the October-December quarter, reaching 11.1 million, according to StatsSA data. is showing.
SA unemployment will rise to 32.5% in the fourth quarter of 2020
Source link SA unemployment will rise to 32.5% in the fourth quarter of 2020