Unemployment down in last quarter of 2017

WEB_PHOTO_US_JOBS_23062017

US unemployment benefits have remained at a record low.

US unemployment benefits have remained at a record low.

WEB_PHOTO_US_JOBS_23062017

US unemployment benefits have remained at a record low.

US unemployment benefits have remained at a record low.

JOHANNESBURG - Unemployment declined by one percentage point from 26.7 percent to 27.7 percent in the fourth quarter of 2017, Statistics South Africa revealed on Tuesday.

Formal sector employment declined by 135,000 jobs, while the informal sector employment increased by 119,000.

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The decline in the unemployment figure was observed across all age groups.

But it was highest among the youth, irrespective of educational level.