South Africa’s Unemployment Rate Rises to 27.5% in Q3

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Enterprise Television- South Africa’s Unemployment Rate Rises to 27.5% in Q3

South Africa’s statistics office on Tuesday said that the country’s unemployment rate rose to 27.5 per cent in the third quarter from previous 27.2 per cent in the second quarter.

There were 6.2 million people without jobs in the three months to the end of September, compared with 6.1 million people in the prior quarter, Statistics South Africa said its quarterly labour force survey.

The statistics office said the formal sector, private households and agriculture recorded declines in employment, while the informal sector had employment gains.

The expanded definition of unemployment, which includes people who have stopped looking for work, rose slightly to 37.3 per cent in the third quarter from 37.2 per cent in the previous quarter.