Monday, October 8, 2012

South African Unemployment Rate: 24.9%

We are taking a quick peak at South African unemployment. We are using the South African Statistics Office information.

The Stats SA unemployment report is here. The reported rate is 24.9% which is down 0.8% (25.7%) from same period last year.

Here is a more detailed article on SA unemployment can be found in South Africa Info. Quote "4.5 Million people are out of work and 3 Million has be out of work longer than a year."

Gross Domestic Product grew by 3.2% annualized rate in the second quarter of 2012.

South Africa ranks 123rd in the UN Human Development Survey.

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