JUST IN | Unemployment rate eases despite record load shedding | Business

Absa economists expected that the unemployment rate would fall to 32.6%, mostly thanks to the festive period seasonal effect.

However, the economists noted that unemployment is still substantially higher than its pre-pandemic level. Formal sector employment has recovered to pre-pandemic levels, but informal sector employment has not, Absa said.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.

_Business The only sector that has an increase in employment is the Crime sector .

_Business Hard to believe with this government!!!

_Business I told you needs to be shut down, it's a danger to our society with false news. It's no different from fox News.... Propaganda propaganda all the way... Exercise 'Let's make the bad look good' ...

_Business Of which 167000 are in the Western Cape. A DA run region. Did you forget to mention that.........

_Business The unemployment figures are just as doctored as our crime stats are

_Business Let's just say this is very hard to believe.

_Business Cap this is a fucken cap

_Business These are zimbos

_Business Decreased where ? Bcos most ppl I know are out of work and retrenched and losing employment..so pls report true numbers

_Business Nani you’re quick to report without interrogation the data or methodology used to arrive at these figures. There is a thing called research, Google it sometime.

_Business Hahahaha the same government feeding you this bullshit are the ones telling you there are no corruption at Eskom GwedeMantashe1

_Business White erasure in the work place (BEE) is antiwhite.

_Business During the worst loadshedding, the employment increases? How?

_Business Increasing stop lie people

_Business You mean -169000 jobs

_Business Keep fooling urselves with this false information

_Business Employment has been on the increase for four consecutive quarters of 2022. Increased by 169 000 from Q3:2022 to 15,9 million in Q4:2022.

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