Unemployment rate jumps to a record high in SA
South Africa's joblessness rate has hit its highest level in more than a decade.
It rose by 1.7 percentage points to 32.5 % in the last three months of 2020.
According to Stats SA, over 700 000 more people were out of work between October and December compared to the third quarter.
It took the number of unemployed to 7.2 million.
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The highest joblessness rates were among the age groups 15 to 24 and 25 to 34 at 63.2% and 41.2% respectively.
[Thread] South Africa’s #unemployment rate increased by 1,7 percentage points to 32,5% in Q4:2020 compared to Q3:2020.
— Stats SA (@StatsSA) February 23, 2021
Read more here: https://t.co/Tn5PqWiA9q#StatsSA #employment pic.twitter.com/kayLZW4K41
Youth aged 15-24 years and 25-34 years recorded the highest #unemployment rates of 63,2% and 41,2% respectively.
— Stats SA (@StatsSA) February 23, 2021
Read more here: https://t.co/Tn5PqWiA9q#StatsSA pic.twitter.com/tucyDz2tdq
