How is the SA Economy Doing?

SOUTH AFRICA - Report 19 Feb 2015 by Iraj Abedian
According to official figures released by Statistics South Africa, the unemployment rate dropped to 24.3% in the last quarter of 2014 from 25.4% in the preceding quarter. As good as the news seems, one should, however, be cautious in interpreting this outcome. The unemployment figures reported by Statistics South Africa have exhibited consistent seasonal impulses. To illustrate, Graph 1 shows that over the period 2008-2014, the fourth quarter of any given year always records a lower unemployment rate outcome compared to the third quarter of the same year. As such, the 1.1 percentage point f...

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