Labour market has clawed back losses seen during COVID-19
The country’s unemployment level has dipped below the 32% mark for the first time since 2020.
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The country’s unemployment level has dipped below the 32% mark for the first time since 2020.
South Africa's unemployment rate has dropped to 31.9%, according to Stats SA.
While the number of formally employed South Africans ticked upwards by nearly 400,000 in the third quarter, manufacturing and mining shed thousands of jobs, according to Statistics South Africa.
This means the country’s employment figure is back above the pre-COVID-19 pandemic levels.
Mining was among the industries that led to job creation in the previous quarter but economic headwinds have seen some big mining houses battle to maintain jobs.