Unemployment rate drops, but remains above pre-Covid level

SA’s unemployment rate fell slightly in the fourth quarter, reaching the lowest level in two years, but at 32.7% the country’s jobless rate remains well above prepandemic levels.

Stats SA’s quarterly labour force survey released on Tuesday shows a slight moderation in the jobless rate from the third quarter’s 32.9%. However, at 32.7% the fourth quarter reading came in slightly higher than the 32.6% median estimate of economists surveyed by Bloomberg...

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