South Africa's unemployment rate climbs weeks before election

Job seekers wait beside a road for casual work offered by passing motorists in Eikenhof, south of Johannesburg, South Afr ica, March 4, 2024. REUTERS/Siphiwe Sibeko/File PhotoPRETORIA, May 14 - South Afr ica's unemployment rate rose for the second quarter in a row to 32.9% in the first three months of this year, data showed on Tuesday, two weeks before the governing Afr ican National Congress faces its toughest election yet.

In the first quarter of 2024 the largest decreases in employment were in the community and social services and construction sectors. There were job gains in sectors like manufacturing, agriculture and mining. Sanisha Packirisamy, economist at Momentum Investments, said policy measures had failed to address structural problems contributing to joblessness, like matching graduates to jobs available.

ECI ECO GEN GOVACT GVGVF ILEI MCE MPLT PBFACT POL VOTE ZA AFR SAFR EMEA EMRG ECON FIN RULES:SOUTH-AFRICA TOPNWS MTPIX JOB TOPCMB

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