South Africa’s unemployment rate is slightly better than last quarter.
Statistics South Africa has published the results of the Quarterly Labour Force Survey for Q3 2023, showing a small increase in the country’s unemployment rate.
The results of the survey indicate that 179,000 jobs were lost between the fourth quarter of 2022 and the first quarter of 2023. The total number of persons employed was 7,9 million in Q1 2023. According to Stats SA, the working-age population increased by 0.9 of a percentage point from 58.5% in Q4 2022 to 59.4% in Q1 2023
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