Arab Today, arab today south africa unemploment rate eases to 247
Last Updated : GMT 13:50:14
Arab Today, arab today
Arab Today, arab today

South Africa unemploment rate eases to 24.7%

Arab Today, arab today

Arab Today, arab today South Africa unemploment rate eases to 24.7%

Pretoria - AFP

South Africa\'s jobless rate fell by 0.9 points to 24.9 percent in the third quarter of this year, with the number of people employed by companies rising, official data showed on Tuesday. The unemployment rate dropped from the 25.6 percent recorded in the second quarter, according to the labour force survey. Compared to a year ago, employment in the third quarter of this year rose by 2.8 percent, Statistics SA said, while unemployment decreased by 1.2 percent. Despite the drop in the jobless rate, some 4.6 million South Africans could not find jobs amid lagging economic growth in Africa\'s most developed economy. South Africa\'s economy has been slowing at sharper than expected rates, with the International Monetary Fund this month lowering its 2013 growth forecast to two percent. Finance Minister Pravin Gordhan last week revised down an earlier forecast of 2.7 percent growth for this year, to 2.1 percent. The number of active job seekers, fell by 125,000 to 2.24 million during the three months July to September. Nedbank said while the \"rise in formal jobs is encouraging\", it however \"does not reflect a sustained increase in job levels.\" Employment in the formal sector is considered working for a business with five or more employees that deducts taxes from wages. Statistics SA said \"both output and jobs have been on an upward trend in recent years but only in (this third quarter) has the level of employment reached the 2008 peak.\" Despite being the largest economy on the continent, South Africa continues to underperform compared to other fast-growing countries in the region. Last year the country registered a meagre 2.5 percent growth, hit by the effects of the post 2008 global financial meltdown and the eurozone recession. Job creation has been one of the major headaches for the ANC-led government since assuming power at the end of apartheid in 1994.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south africa unemploment rate eases to 247 Arab Today, arab today south africa unemploment rate eases to 247

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday