Jobs
South African Unemployment Rate Climbs as Farms Shed Jobs
- Jobless rate rises to 32.1% from 31.9% in third quarter
- Job losses may continue to rise with mines under pressure
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South Africa’s unemployment rate rose in the fourth quarter as the social services and agriculture sectors cut jobs.
The official jobless rate increased to 32.1% in the three months through December from 31.9% in the previous quarter, Statistics South Africa said in a report released in the capital, Pretoria, on Tuesday. The median estimate of eight economists surveyed by Bloomberg was 31.6%.