DStv Channel 403 Tuesday, 08 October 2024

WATCH | SA's unemployment rate drops to 32.7%

JOHANNESBURG - South Africa's unemployment rate dipped slightly again between October and December last year to 32.7% from 32.9%.

But when considering discouraged jobless South Africans who are not actively looking for work, the country’s unemployment rate is 42.6%.

READ: SONA 2023 | Expansion of employment tax incentive

This means that more than 11.8 million South Africans are out of work.

Economists blame the slowing global growth, persistent power cuts, and depressed business confidence for the economy’s weak job creation potential.

 

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