South Africa's Unemployment Rate Stays at Highest Since 2003
- Agriculture, mining lost jobs; were only growing sectors in 1Q
- Construction industry saw 110,000 positions lost in quarter
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South Africa’s jobless rate stayed at a 14-year high in the three months through June as agriculture, mining and construction lost positions while finance and trade employed more people.
The unemployment rate was 27.7 percent in the second quarter of 2017, matching the figure in the previous three months, Statistics South Africa said in a report released on Monday in the capital, Pretoria. The median of five economists’ estimates compiled by Bloomberg was for the 27.5 percent.