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NEWS : Unemployment Rate Drops to 32.1% in Q3 2024

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The recent Quarterly Labour Force Survey (QLFS) conducted by Statistics South Africa (Stats SA) reveals encouraging employment trends. The report indicates a notable increase of 294,000 jobs, bringing the total employed individuals to 16.9 million. Simultaneously, the number of unemployed individuals decreased by 373,000, reducing the total to 8 million. However, the report also highlights concerning developments. There has been a 5% increase in the number of discouraged work-seekers, adding 160,000 individuals to this category. Additionally, the "not economically active" population, comprising individuals not actively seeking work due to reasons other than discouragement, has risen by 54,000. This results in an overall increase of 214,000 in this group, bringing the total to 16.5 million. The full article can be read on DEVDISCOURSE  follow our Whatsapp channel  here  for more hardhatREVIEWS.
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INSIGHT : Where are the U.S. construction spending dollars coming from?

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The Census Bureau reports a 7.6% increase in construction spending in the United States during the first eight months of the year compared to the same period last year. Residential construction saw a 7.2% increase, while nonresidential construction experienced an 8.0% increase.

Total US construction can be broken down into five main components: residential, commercial, institutional, industrial, and engineering.


The full article can be read on DAILY COMMERCIAL NEWS follow our Whatsapp channel here for more hardhatREVIEWS.

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