Unemployment Rate To Increase Further

By: Lindelani Mbatha

The unemployment rate is expected to be higher in the second quarter of 2022.

Economists are predicting that the rate would have gone up to about 35.4-percent between April and June, from 34.5-percent.

Statistics South Africa (Stats SA) is releasing the quarterly labour force survey today.

According to Absa’s Miyelani Maluleke, the speculation of an increase is related to load-shedding and the floods in KwaZulu-Natal.