SA`s unemployment rate at 24.9%
source: SouthAfrica.info
30 October 2009
South Africa’s unemployment rate increased by 0.9% to 24.9% in the third quarter of 2009, compared to 23.6% in the second quarter, according to the Quarterly Labour Force Survey released by Statistics South Africa (Stats SA) on Thursday.
Finance Minister Pravin Gordhan made it clear this week, while announcing his medium-term budget for 2009 to 2011, that job-creation is the government’s top priority and one of the biggest challenges facing the country.
He said the government aimed to create 4.5-million short-term jobs through public works over the next five years, while rationalising its incentives for businesses to create more jobs, and supporting labour-intensive infrastructure projects.
Stats SA’s survey showed that employment contracted by 3.6% in the third quarter, translating into a [continue reading]
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