In this edition of Business Day Spotlight, we talk about the week’s top economics news, focusing on new employment and manufacturing data. Peter Bauer, a professor at the University of Johannesburg’s School of Economics. The discussion begins with the latest unemployment figures released earlier in the week by Stats SA.
Bauer explains some of the definitions used when gathering this data as, despite the increase in joblessness, official unemployment figures actually saw a seven percentage-point decrease from 30.1% in the first quarter of 2020 to 23.3% in the second.
Thanks to the ANC we are now fucked.
Jobless growth since 1986
Ask the president
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