Reuters reports that SA’s second quarter unemployment rate rose to 29.0%, its highest level in more than a decade, from 27.6% in the first quarter.  

There were 6.7 million people without jobs in the three months to the end of June, compared with 6.2 million people in the prior quarter, Statistics South Africa indicated its quarterly labour force survey results released on Tuesday.  “This is highest it has gone since the first quarter of 2008 since we began the quarterly labour force survey,” said Statistician-General Risenga Maluleke.  Employment losses were mainly driven by private households, transport, mining and finance, Stats SA indicated.  The expanded definition of unemployment, which includes people who have stopped looking for work, rose to 38.5% in the second quarter from 38.0% in the previous quarter.

• Read the original of this report by Mfuneko Toyana at Moneyweb
• Read too, SA’s jobless rate now almost at 30%, at BusinessLive

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