Statistics from South Africa says unemployment rate rose to 27.6% from 27.1% in the First Quarter of this year.
The reports further states that the construction and financial-services firms cut positions.
The jobless rate in Africa’s most-industrialized economy hasn’t fallen below 20% since year 2000, largely due to sluggish economic growth and Gross domestic product hasn’t expanded by more than 2% a year since 2013.
Economists say GDP must rise by 3% to 5% annually for the unemployment rate to recede.
Statistics from South Africa says unemployment rate rose to 27.6% from 27.1% in the First Quarter of this year.
The reports further states that the construction and financial-services firms cut positions.
The jobless rate in Africa’s most-industrialized economy hasn’t fallen below 20% since year 2000, largely due to sluggish economic growth and Gross domestic product hasn’t expanded by more than 2% a year since 2013.
Economists say GDP must rise by 3% to 5% annually for the unemployment rate to recede.
Statistics from South Africa says unemployment rate rose to 27.6% from 27.1% in the First Quarter of this year.
The reports further states that the construction and financial-services firms cut positions.
The jobless rate in Africa’s most-industrialized economy hasn’t fallen below 20% since year 2000, largely due to sluggish economic growth and Gross domestic product hasn’t expanded by more than 2% a year since 2013.
Economists say GDP must rise by 3% to 5% annually for the unemployment rate to recede.
Statistics from South Africa says unemployment rate rose to 27.6% from 27.1% in the First Quarter of this year.
The reports further states that the construction and financial-services firms cut positions.
The jobless rate in Africa’s most-industrialized economy hasn’t fallen below 20% since year 2000, largely due to sluggish economic growth and Gross domestic product hasn’t expanded by more than 2% a year since 2013.
Economists say GDP must rise by 3% to 5% annually for the unemployment rate to recede.
Statistics from South Africa says unemployment rate rose to 27.6% from 27.1% in the First Quarter of this year.
The reports further states that the construction and financial-services firms cut positions.
The jobless rate in Africa’s most-industrialized economy hasn’t fallen below 20% since year 2000, largely due to sluggish economic growth and Gross domestic product hasn’t expanded by more than 2% a year since 2013.
Economists say GDP must rise by 3% to 5% annually for the unemployment rate to recede.
Statistics from South Africa says unemployment rate rose to 27.6% from 27.1% in the First Quarter of this year.
The reports further states that the construction and financial-services firms cut positions.
The jobless rate in Africa’s most-industrialized economy hasn’t fallen below 20% since year 2000, largely due to sluggish economic growth and Gross domestic product hasn’t expanded by more than 2% a year since 2013.
Economists say GDP must rise by 3% to 5% annually for the unemployment rate to recede.
Statistics from South Africa says unemployment rate rose to 27.6% from 27.1% in the First Quarter of this year.
The reports further states that the construction and financial-services firms cut positions.
The jobless rate in Africa’s most-industrialized economy hasn’t fallen below 20% since year 2000, largely due to sluggish economic growth and Gross domestic product hasn’t expanded by more than 2% a year since 2013.
Economists say GDP must rise by 3% to 5% annually for the unemployment rate to recede.
Statistics from South Africa says unemployment rate rose to 27.6% from 27.1% in the First Quarter of this year.
The reports further states that the construction and financial-services firms cut positions.
The jobless rate in Africa’s most-industrialized economy hasn’t fallen below 20% since year 2000, largely due to sluggish economic growth and Gross domestic product hasn’t expanded by more than 2% a year since 2013.
Economists say GDP must rise by 3% to 5% annually for the unemployment rate to recede.
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