MNI: US Consumers See Lower Inflation, Better Jobs - NY Fed

MNI BRIEF: Risks To Growth Evident, Await Dec Forecasts -Rehn

MNI China Daily Summary: Tuesday, November 12

MNI BRIEF: Prolonged Tightening If Expectations Worsen - BCB

MNI: PBOC Net Injects CNY107.2 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1927 Tues; +1.32% Y/Y

MNI: JAPAN OCT CORP GOODS PRICE INDEX +3.4% Y/Y; SEPT REV +3.1%

EZ/UK Bond Supply Calendar: IT, UK, DE, PO Auction Wednesday

MNI: US REDBOOK: NOV STORE SALES +4.8% V YR AGO MO

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOUTH AFRICA: Unemployment Rate Falls to 32.1% in Q3-2024

SOUTH AFRICA
EM BulletBulletGlobalEmerging Market NewsRegion
  • "SOUTH AFRICA 3Q UNEMPLOYMENT RATE FALLS TO 32.1%; EST. 32.8%" - BBG
  • "SOUTH AFRICAN EMPLOYMENT ROSE 294K TO 16.95 MILLION IN 3Q"

South Africa's unemployment rate dropped to 32.1% in the three months through September, compared with 33.5% in the previous quarter, according to data released by Statistics South Africa. That marks the first fall for the series for the first time in a year. According to Bloomberg, the fall was driven by job increases in the community and social services and construction sectors, as business confidence improves and economic growth shows signs of recovery. The number of employed people increased by 294,000 to 16.9 million in the three months through September. 

110 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • "SOUTH AFRICA 3Q UNEMPLOYMENT RATE FALLS TO 32.1%; EST. 32.8%" - BBG
  • "SOUTH AFRICAN EMPLOYMENT ROSE 294K TO 16.95 MILLION IN 3Q"

South Africa's unemployment rate dropped to 32.1% in the three months through September, compared with 33.5% in the previous quarter, according to data released by Statistics South Africa. That marks the first fall for the series for the first time in a year. According to Bloomberg, the fall was driven by job increases in the community and social services and construction sectors, as business confidence improves and economic growth shows signs of recovery. The number of employed people increased by 294,000 to 16.9 million in the three months through September.