South Africa's official unemployment rate dips to 32.7% in fourth qtr

Kitco Media
By Reuters
Published:
Updated:
Reuters
PRETORIA, Feb 28 (Reuters) - South Africa's official unemployment rate fell to 32.7% in the fourth quarter of 2022 from 32.9% in the third quarter, the statistics agency said on Tuesday. Statistics South Africa said the number of unemployed people totalled 7.753 million people in the Oct-Dec period, compared with 7.725 million people in the previous three months. According to an expanded definition of unemployment that includes those discouraged from seeking work, 42.6% were without work in the fourth quarter, from 43.1% in the third quarter. (Reporting by Promit Mukherjee Editing by Alexander Winning)

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