ECONOMIC WEEK AHEAD: Unemployment rate expected to head towards 33% again
Electricity shortage and other infrastructure constraints have weighed heavily on employment, says Absa
14 May 2023 - 16:04
The focus this week will be on the unemployment rate and retail sales, with Stats SA releasing the quarterly labour force survey for the first quarter on Tuesday.
SA’s unemployment rate fell slightly in the fourth quarter, reaching the lowest level in two years, but at 32.7% the jobless rate remained well above pre-pandemic levels. The reading was a slight moderation from 32.9% the previous quarter but came in slightly higher than the 32.6% median estimate of economists surveyed by Bloomberg...
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