ECONOMIC WEEK AHEAD: Focus will be on frighteningly high jobless rate
Little relief expected as businesses shy away from expanding operations in a tough climate
13 August 2023 - 17:26
The focus this week will be on the quarterly labour force statistics for the second quarter published by Stats SA on Tuesday.
SA’s jobless rate edged higher in the first quarter, increasing by 0.2 percentage point to 32.9%. The highest employment losses were recorded in the energy-intensive and private household sectors, pointing to the impact that heightened rotational power outages, high interest rates and accelerating inflation have inflicted on the economy...
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