Unemployment’s Ugly Facts

THERE was reason to be concerned about

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the growing unemployment rate, but even worse was the fact that the biggest job losses were in the country’s most important industries, says Mr Michael Bagraim, President of the Cape Chamber of Commerce and Industry.

He said that according the latest Adcorp survey, employment in June fell by an annualised rate of two percent and this followed an even greater decline of 3.1 percent in May.

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