Why did the #unemploymentrate fall, while 2.2mil lost their #jobs in Q2? And why did the number of unemployed people fall? @StatsSA /1 The working age population comprises the employed, the unemployed and the economically non-active (e.g. students, people preferring not to work - they don't have a job, but are also not unemployed). 2/

Headline: Economy contracted 51% in Q2. Before we go off the rails, the economy in Q2 is not half its size in Q1. 51% is an annualised rate, i.e we take Q2 shrinkage and ask, if the whole year looks like this, with how much will the economy shrink? @StatsSA @tito_mboweni Output in Q2 was 16.4% smaller than in Q1. That is bad as it is, but the whole year will not look like Q2 - there will presumably be a rebound as we speak, in Q3 and Q4. Hopeful for the full year shrinkage will come in under 10%.