{"id":249902,"date":"2024-11-13T02:09:51","date_gmt":"2024-11-13T02:09:51","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/13\/south-african-unemployment-rate-dips-under-coalition-government\/"},"modified":"2024-11-13T02:09:51","modified_gmt":"2024-11-13T02:09:51","slug":"south-african-unemployment-rate-dips-under-coalition-government","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/13\/south-african-unemployment-rate-dips-under-coalition-government\/","title":{"rendered":"South African unemployment rate dips under coalition government"},"content":{"rendered":"<br><div id=\"article-text\">\n                       \n                        \n<p class=\"wp-block-paragraph\">South Africa&#8217;s unemployment rate fell in the three months after the formation of a coalition government that has boosted business confidence and led to hopes for more progress on economic reform, data showed on Tuesday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The official unemployment rate fell to 32.1% in the third quarter of 2024, from 33.5% in the second quarter the first time the official rate had fallen in a year, Statistics South Africa figures showed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The coalition government was formed in June after the African National Congress lost its parliamentary majority for the first time in 30 years, pushing it into a broad alliance with the market-friendly Democratic Alliance and other smaller parties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investor optimism over the coalition fuelled a rally in the country&#8217;s rand currency and local-currency debt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The decline in joblessness in the latest three-month period was driven by rising employment in six of the 10 industries tracked by the statistics agency: community and social services, construction, trade, agriculture, mining and utilities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There were job losses in transport, manufacturing, private households and finance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, South Africa still has one of the highest unemployment rates in the world, and Black South Africans continue to experience the worst unemployment levels relative to the country&#8217;s other racial groups.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Statistician-General Risenga Maluleke told a press conference that the long-term unemployment rate had risen more than 10 percentage points in the last decade, rooted in a mismatch between people&#8217;s skills and the jobs on offer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under an expanded definition of unemployment, which includes those discouraged from seeking work, 41.9% of the labour force was jobless in the third quarter, down from 42.6% in the second.<\/p>\n\n                <p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>      \n               \n <!-- Post Tags -->\n                \n\n                        \n\n    \n                                 \n                                             \n                    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>South Africa&#8217;s unemployment rate fell in the three months after the formation of a coalition government that has boosted business confidence and led to hopes for more progress on economic reform, data showed on Tuesday. The official unemployment rate fell to 32.1% in the third quarter of 2024, from 33.5% in the second quarter the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":249903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-249902","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>South African unemployment rate dips under coalition government - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/13\/south-african-unemployment-rate-dips-under-coalition-government\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South African unemployment rate dips under coalition government - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"South Africa&#8217;s unemployment rate fell in the three months after the formation of a coalition government that has boosted business confidence and led to hopes for more progress on economic reform, data showed on Tuesday. 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