South Africa's unemployment rate rises to 27.6% in first quarter | IOL Business Report

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South Africa's unemployment rate rises to 27.6% in first quarter busrep

JOHANNESBURG - Statistics South Africa today said that the number of employed persons decreased by 237 000 to 16,3 million in the first three months of this year, taking the unemployment rate to 27.6 percent from 27.1 percent in the last quarter of last year.

“The Formal sector recorded the largest employment losses of 126 000, followed by the Informal sector , Private households and Agriculture ,” StatsSA said.

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