#BizPrime NUMBER OF THE DAY: 26.7%

Our number of the day is 26.7%. South Africa’s unemployment rate figure remained unchanged at 26.7% for the first quarter of 2018, compared with the last quarter of 2017. This is according to the Quarter Labour Force Survey released by Statistics South Africa.
But more encouraging is that nearly 60 percent of people are actively participating in the economy. The QLFS collects data on the Labour market activities of individuals aged 15 years and older.
Stats SA says there were 6 million people without jobs in the three months to the end of March, compared with 5.9 million people in the final three months of last year. The expanded definition of unemployment, which includes people who have stopped looking for work, rose to 36.7% in the first quarter from 36.3% in the previous quarter.

For more news, visit:

Leave a Comment