Unemployment Increased, Highest Since 2008: Stats SA.

South Africans are experiencing the highest unemployment rate since 2008.

The new report released by Stat istics South Africa shows that South African unemployment is the highest since 2008. The report shows that more than 29,1% of South Africans are without work in Q3. A 0.1% increase from the previous quarter.

The number of unemployed people in South Africa increased from 4,5 million in Q3:2009 to 6,7 million in Q3:2019.

“The South African working-age population increased by 149 000 in Q3:2019 compared to Q2:2019”, says Stats SA

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“The results further indicate that the number of discouraged work-seekers increased by 44 000 while the number of those who are not active in the labour market for other reasons other than discouragement declined by 35 000 resulting in a net increase of 9 000 in the number of those who were not economically active.

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