SA unemployment rate rises to 30.8%

In the third quarter, there was a significant increase of 7.5 per cent in the South African unemployment rate to 30.8 per cent. The unemployment rate – according to the expanded definition – increased by 1.1 percentage points to 43.1 per cent in the third quarter compared to the second quarter of this year. This figure includes those who have given up looking for work. Annabel Bishop, Chief Economist at Investec joins CNBC Africa for more.

Thu, 12 Nov 2020 11:39:55 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.