SA unemployment rate eases to under 25%

by Reuters

Pretoria - South Africa's official jobless rate slowed to 24.9% of the labour force in the second quarter of 2012 from 25.2% in the first quarter, a survey showed on Tuesday.

In its latest quarterly Labour Force Survey, Statistics South Africa said the total number of unemployed people stood at 4.47 million in the three months to June from 4.5 million in the first quarter.

The expanded definition of unemployment, which includes people who have stopped looking for work, was at 36.2% from 36.6%.

In other headlines of today, Spanish unemployment interestingly nears the same mark of 25%, as the Spanish economy struggles with it's current problems.

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