By Business Day
The recent release of the Quarterly Labour Force Survey (QLFS) by Stats SA provides a glimmer of hope in the wake of the Covid-19 pandemic. Since the start of 2022, the number of employed people increased by 370,000 to 14.9-million. At the same time, the number of unemployed people (excluding discouraged work seekers) decreased by 0.8% from the fourth quarter of 2021. The official unemployment rate now stands at 34.5%.
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