Jobs catastrophe will take years to fix, says economist
SA’s official unemployment rate sets another dubious record during the fourth quarter of 2020, rising to 32.5%
23 February 2021 - 12:46
UPDATED 23 February 2021 - 23:08
The true cost of the Covid-19 pandemic was writ large in SA’s record-beating unemployment numbers on Tuesday, ratcheting up the pressure for reforms to unlock investment and boost job creation.
The drop in the number of employed people during a year characterised by a hard economic lockdown, limitations on travel and sales bans on alcohol and tobacco products stood at almost 1.4-million year on year, with economists expecting that it will take years to win back these jobs...
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