Unemployment rate expected to remain high in fourth quarter - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Unemployment is expected to remain elevated in the fourth quarter as the economy battles low growth exacerbated by load shedding.

Economists expected the unemployment to come out at about 32.8% when StatsSA releases the fourth quarter data on Tuesday.

The weak growth in the local economy means low job creation prospects. With the expectation that growth will be below 1% this year, because of the intense power cuts, employment prospects are bleak.In the third quarter, unemployment amongst young people aged between 15 and 34 stood at 44%. Economist Miyelani Mkhabela says while employment may have been boosted by the seasonal employment in the quarter because of the festive season, challenges remain.

 

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