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– South Africa’s unemployment rate dropped to 32.1% in Q3 2024, a decrease from 33.5% in the previous quarter.
-The number of employed people increased by 294,000, while 373,000 people moved out of unemployment during the quarter.
-Job gains were seen in the community and social services sector, along with construction, trade, mining, and transport.
-While still high, youth unemployment decreased from 46.6% to 45.5% between Q2 and Q3 2024.
-South Africa faces structural economic issues and weak growth, hindering the government’s ability to address poverty and inequality.
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