World

SA LOSES 2.2 MILLION JOBS IN Q2 BUT UNEMPLOYMENT RATE DECREASES TO 23.3%

Despite the loss of 2.2 million jobs in the second quarter of the year, the labour force survey released by Stats SA indicates there was also a massive decline in unemployment.

The official unemployment rate decreased from 30.1% in the first quarter of 2020 to a record low of 23.3% in the data from April to June this year.

However, the country was under a hard lockdown in the second quarter of the year, with prospective job seekers unable to look for work.

Yet, the data released by Stats SA points to a 4.3 million decline in the number of unemployed people as compared to the first quarter, when the decline in the number of unemployed people stood at 2.8 million people.

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