SA unemployment rate soars to 27,6%

Stats SA released the employment figures for the first quarter of 2019. eNCA's Dimakatso Thugwana has more. Courtesy #DStv403

JOHANNESBURG - South Africa's unemployment rate increased to 27.6-percent in the first quarter of 2019, Stats SA revealed the figures on Tuesday.

That’s according to the Quarterly Labour Force Survey.

The figure is up half a percentage point from the end of the fourth quarter of 2018,

READ: Unemployment rises to 27.5%

The 0,5-percent increase mounts more pressure on South Africa's economy with the youth unemployment rate now standing on 55%

About 16.3-million people are employed in South Africa while 6.2-million between the ages of 15 and 64-years are unemployed. 

Source
eNCA