Analysts expect increase in unemployment rate - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Analysts are expecting a 0.3 percentage point increase in the unemployment rate as Statistics South Africa gears up to release the employment numbers for the first quarter of 2019 on Tuesday. sabcnews

South Africa’s official unemployment rate was recorded at 27.1% in the fourth quarter of 2018 and is now expected to increase to 27.4% in the first quarter of 2019.

Economists have attributed their expectation to the low growth environment and losses of temporary jobs which came as a result of the December holidays. Economist Elize Kruger says, “We’ve had a very weak economic quarter in quarter 1. We actually expect that the economy would have contracted by 1.5% given the impact of load shedding on both the mining and manufacturing sectors and retail.

“Also given that we know that some of the seasonal workers that use to be employed in the fourth quarter due to the holiday season might have lost their jobs between quarter 4 and quarter 1,” she adds.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 32. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Maybe things will change because the president promise more jobs during his campaign let's look what will happen in the future

대한민국 최근 뉴스, 대한민국 헤드 라인