Financial News: South Africa Jobless Rate Falls In Q3

South Africa Jobless Rate Falls In Q3

11/12/2024 - 07:38:00 (RTTNews)

(RTTNews) - South Africa's unemployment rate decreased in the third quarter, data from Statistics South Africa showed on Tuesday.

The jobless rate dropped to 32.1 percent in the third quarter from 33.5 percent in the second quarter.

In the corresponding period last year, the unemployment rate was 31.9 percent.

The number of unemployed people fell to 8.01 million in the third quarter from 8.38 million in the previous quarter.

Meanwhile, the employment rate stood at 40.9 percent versus 40.3 percent in the June quarter.

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