THE UGLY

Finweek English Edition - - IN BRIEF -

SA re­ported its high­est un­em­ploy­ment rate since 2003 in the first quar­ter of the year, with 5.5m peo­ple, or 26.4% of the work­force look­ing for, but un­able to find work. While a new mas­ter sam­ple was used, which in­flu­enced the data, the re­al­ity is that mil­lions of South Africans re­main with­out jobs. The ex­panded un­em­ploy­ment rate of 36.1%, that in­cludes peo­ple who are not ac­tively look­ing for work, means 8.7m peo­ple who are able to work are not em­ployed.

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