The scourge that is unemployment
The official unemployment rate for 2020 Q1 was released this week. The number of unemployed persons increased by 344,000 to 7.1 million, a 1 percentage point increase to 30.1% compared to 2019 Q4. This statistic pre-dates the lockdown and doesn’t fully encapsulate the impact of Covid-19.
Read more on how the lockdown has affected the South African labour force and economy in Eighty20’s report here: https://bit.ly/2y2yOff
(https://bit.ly/3dBAlr9, https://bit.ly/3g47Q7o)