SA unemployment rate jumps to 29%, the worst since 2008

The recent revelations of the unemployment figures as published by Stats SA concerns us seriously. SA's official unemployment rate jumped to 29% in the second quarter of the year, the highest jobless rate since the start of 2008.  This reveals that the unemployment rate has increased by 1.4 percentage points. 

Out of a total of 10.3 million young people aged between 15 and 24 years, the number who are not in employment, not in education and not in training decreased slightly to about 3.3 million. The unemployment rate for the youth is 56.4%. "Young people, regardless of their education level, remain vulnerable to labour markets, " said Statistician-General Risenga Maluleke. 

 
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Source: 
Fin24

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