In yet another blow to the working class, South Africa’s unemployment reached a record-breaking 35.3-percent in the fourth quarter.
Releasing the Quarterly Labour Force Survey earlier, StatsSA revealed that the number of unemployed persons increased by 278k to 7.9-million, pointing to an increase of 0.4 of a percentage point.
Meanwhile, the number of discouraged work-seekers decreased and 143k jobs were added in the formal employment sector.
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