South Africa – Unemployment rate rises to 26,4%

South Africa has been hit by a double whammy: Stats SA released two sets of economic data today and both results were disappointing. 

The unemployment rate has risen sharply in the first quarter of this year, with 26,4 percent of potentially economically active South Africans not working.

South Africa has nearly 36-million employable people, but only 15,5-million are currently employed.

Five-and-a-half million are out of work, and the rest are not economically active.

Chosen excerpts by Job Market Monitor. Read the whole story at Unemployment rate rises to 26,4%, says Stats SA | eNCA.