Financial News: South African Jobless Rate Rises In Q1

South African Jobless Rate Rises In Q1

05/13/2025 - 07:53:00 (RTTNews)

(RTTNews) - South Africa's jobless rate increased in the first quarter of 2025, data from Statistics South Africa showed on Tuesday.

The jobless rate rose to 32.9 percent in the first quarter from 31.9 percent in the fourth quarter.

In the corresponding period last year, the unemployment rate was also 32.9 percent.

The number of unemployed people increased to 8.23 million in the first quarter from 7.99 million in the previous quarter.

Meanwhile, the employment rate stood at 40.3 percent versus 41.1 percent in the December quarter.

The number of employed persons decreased to 16.787 million in the March quarter from 17.078 million in the previous three-month period.

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