SA mining output falls, manufacturing growth slows in fragile start for Q3 GDP
As rolling power cuts intensified in September, data this week showed that the economy’s industrial arms got off to a faltering start in the third quarter.
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As rolling power cuts intensified in September, data this week showed that the economy’s industrial arms got off to a faltering start in the third quarter.
Digging into the latest labour force survey shows that young people without higher education will struggle to find jobs in a low-growth economy.
On Tuesday, Statistics South Africa released the second quarter labour statistics which showed there has been a 0.3 percentage point decrease in the unemployment rate compared to the first quarter of this year.
There are 16.3 million employed people in South Africa, which is almost at the pre-COVID levels where the figure stood at 16.4 million.
Mining production rose by 1.1% year on year in June after declining by 0.7% in May. On a monthly basis, output increased by 1.3%.