Rising joblessness looms over Tito Mboweni's supplementary budget
The unemployment rate rose to 30.1% in the first quarter according to Stats SA’s latest Quarterly Labour Force Survey — the highest level on record
23 June 2020 - 19:54
SA’s jobs and growth crisis was picking up even before the Covid-19 outbreak that is set to plunge the economy into its biggest slump since the Great Depression.
SA’s unemployment rate climbed to a record 30.1% in the first quarter, Stats SA said on Tuesday, while data from the Reserve Bank showed that its composite leading business cycle indicator, a gauge of SA’s business growth cycle, slid just over 5% in April from March, the first full month of the national lockdown...
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