Tuesday, May 5, 2009

Unemployment rate leaps to 23.5%

South Africa’s unemployment rate rose to 23.5 percent in the first quarter of 2009 from 21.9 percent in the previous three months, Statistics SA said today.

  • Jobless rate at 23.5% in first quarter
  • New vehicle sales crash 43.1% y/y
  • A total of 208,000 people living in South Africa lost their jobs between the last quarter of 2008 and the first quarter of 2009, according to the Pretoria-based agency’s quarterly labour force survey.

    The survey shows that losses occurred both in the formal (88,000) and in the informal (96,000) sectors. Agriculture and private households accounted for the other losses.

    The Times - Unemployment rate leaps to 23.5%

    No comments: