Cape Town – South Africa’s unemployment rate continued to accelerate in the third quarter, reaching a record 34.9%, according to data from the Quarterly Labour Force Survey released by Statistics South Africa on Tuesday.
The unemployment rate “increased by 0.5 of a percentage point to 34.9% in Q3:2021 compared to Q2:2021”, the survey revealed.
It further said that there were 660 000 less people unemployed in the third quarter of 2021 to 14.3 million.
There were about 660 000 less people employed in Q3:2021 than in Q2:2021.
Read more here: https://t.co/Se9qQrwvsi#StatsSA #unemployment pic.twitter.com/edbVAvQhVL
— Stats SA (@StatsSA) November 30, 2021
A Fin24 report said that the quarter’s economic performance was hit by civil unrest in July which affected Gauteng and KwaZulu-Natal.
These two provinces accounted for half of the country’s economic activity, the report said.
SA’s economy is dogged by high rates of inequality, poverty and unemployment, and the economy took a further battering from the Covid-19 with about 1.4-million jobs lost in 2020 and it contracted 6.4%, BusinessDay reported.
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Source: AFP
Picture: Getty Images
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