Even the employed not spared as Covid-19 costs SA more than 2-million jobs
Stats SA says expanded unemployment rate is now 42%, but ‘quirk’ puts official rate at 23.3%
29 September 2020 - 12:42
UPDATED 29 September 2020 - 23:34
SA’s already battered economy shed 2.2-million jobs during the second quarter, while more than a fifth of those still in jobs and being paid during the worst of the lockdown saw their pay reduced.
These figures, released in the Stats SA’s long-delayed quarterly labour force survey (QLFS) on Tuesday, were however clouded by what some analysts termed a "statistical quirk" that resulted in the official unemployment rate falling to 23.3%.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now