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Economic calendar
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Unemployment Rate (%)

2020-02-11 17:30
ZAR
  • 29.1
  • 29.1
  • 29.1
The Unemployment Rate released by the Statistics South Africa is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the South African economy. If the rate is up, it indicates a lack of expansion within the South African labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the Rand, while an increase is seen as negative (or bearish).

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