AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)
World

Jobless rise leaves nearly a third out of work in S.Africa

  • The number of unemployed rose by 701,000 to 7.2 million compared to the third quarter of 2020," Stats SA said in a statement.
Published February 23, 2021

JOHANNESBURG: South Africa's unemployment rate rose to a record 32.5 percent between October and December 2020, the government statistics agency said Tuesday, the highest since the start of records in 2008.

The number of unemployed rose by 701,000 to 7.2 million compared to the third quarter of 2020," Stats SA said in a statement.

"The movement... resulted in a significant increase of 1.7 percentage points in the official unemployment rate to 32.5 percent," it added.

South Africa, the continent's most industrialised economy, was already in recession when coronavirus hit last March.

Months of rolling restrictions to stem the virus have stifled economic activity and bled tens of thousands of jobs.

The agency said that a benchmark of underlying joblessness, which is not included in the official unemployment rate, showed a slight fall.

An additional 235,000 people entered the category of so-called "discouraged work-seekers", an 8.7 percent increase, between the third and fourth quarters of 2020.

But the number of people jobless "for reasons other than discouragement" fell by 1.1 million, a 7.4-percent drop.

As a result, the "expanded" unemployment rate -- a category that includes people too discouraged to actively seek work -- fell by half a percentage point between the two quarters, standing at 42.6 percent at the end of 2020.

Comments

Comments are closed.