Home Business and Technology SA unemployment rate increased to 27,6%

SA unemployment rate increased to 27,6%

SA unemployment

South Africa’s unemployment rate increased to 27.6% in the first quarter of 2019, Stats SA revealed the figures on Tuesday.

That’s according to the Quarterly Labour Force Survey, released by Stats SA on Tuesday morning.

The figure is up half a percentage point from the end of the fourth quarter of 2018,

The 0,5% increase mounts more pressure on South Africa’s economy with the youth unemployment rate now standing on 55%

About 16.3 million people are employed in South Africa while 6.2 million between the ages of 15 and 64 years are unemployed.

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Source: eNCA