Posted on August 10, 2022 at 12:53pm
In the third quarter of 2016, South Africa’s unemployment rate jumped sharply to touch its highest level in eight years.
According to the Statistics South Africa report, as quoted by Bloomberg, Tuesday (22/11), South Africa’s unemployment rate rose to 27.1% compared to the previous quarter, which was only 26.6%. The unemployment rate rose by 239,000 people to 5.9 million people. Even though the number of workers also increased by 288,000 people to 15.8 million people.…