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South Africa's unemployment rate is now highest in the world

South Africa's unemployment rate surged to the highest on a global list of 82 countries monitored by ...

👤 H K Badal24 Aug 2021 5:58 PM GMT
South Africas unemployment rate is now highest in the world
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South Africa's unemployment rate surged to the highest on a global list of 82 countries monitored by Bloomberg.

The jobless rate rose to 34.4% in the second quarter from 32.6% in the three months through March, Statistics South Africa said on August 24 in a report released in the capital, Pretoria. The median of three economists' estimates in a Bloomberg survey was 33.2%.

Unemployment according to the expanded definition, which includes people who were available for work but not looking for a job, rose to 44.4% from 43.2% in the first quarter. While the unemployment rate is now the highest of the countries tracked by Bloomberg, the data from some of those nations is outdated.