South Africa’s Unemployment Rate Rises to 33.7% as Job Seekers Outpace Hiring
The third-quarter jobless rate increased even as employment grew, underscoring the difference between adding jobs and absorbing a growing labour force.
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← All tagsThe third-quarter jobless rate increased even as employment grew, underscoring the difference between adding jobs and absorbing a growing labour force.
The September-quarter rate matched a level last seen in 2015. Employment barely changed, but participation, hours and the mix of jobs point to a broader cooling that complicates the Reserve Bank’s inflation fight.