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A labour expert Tony Healy has described the decline in South Africa’s unemployment rate during the third quarter as good news.

File Photo: Women wait by the road hoping for work, in East London

Data that Statistics South Africa released on Tuesday shows that the rate of unemployment decreased from 33.9 % in the second quarter to 32.9 % in the third quarter of the year.Statistics show that 204 000 jobs were created between the second and the third quarter of the year, taking the total number of persons employed to 15.8 million.Healy says that the figures are encouraging.

“Yes we must be encouraged that it’s three quarters in a row now that we’ve had a reduction in the unemployment rate- especially in light of the fact that we have the Eskom, outage issues. I guess it’s got to be good news, the reality is unfortunately that we still have nearly 12- million unemployed, and that really is a serious national crisis.”

 

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Fire a lot of people and then hire new ones and act like new jobs were created.

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