Economists predict slight increase in unemployment rate | Fin24
 
  • Credit Rating

    'I think Moody's will be happy' - President Ramaphosa says plan to deal with Eskom's debt is imminent.

  • 'No Basis in Fact'

    The PIC commission has slammed Iqbal Survé’s claims about Minister Pravin Gordhan.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Economists predict slight increase in unemployment rate

May 14 2019 05:30
Fin24

Economists are predicting an uptick in the unemployment rate when Stats SA publishes quarterly jobless data on Tuesday.  

The country's unemployment rate was 27.1% at the end of the fourth quarter of 2018. Stats SA will publish its Quarterly Labour Force Survey for Q1 of 2019 at 11:30.

Indications of weak economic growth for the first quarter suggest the rate is set to increase, say analysts. 

As Investec's Kamilla Kaplan notes, jobless figures in any case generally rise in the first quarter of the year as temporary employees hired in the service sector over the festive season are laid off.

Kaplan is predicting a 0.4% increase in unemployment to 27.5%, while NKC African Economics estimates that StatsSA will announce a figure of 27.4%.

stats sa  |  unemployment rate  |  sa economy
NEXT ON FIN24X

 
 
 
 

Company Snapshot

#MINIBUDGET2019

Struggling power utility Eskom will take centre stage at this year's mini budget
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...