South African Unemployment Rises to New High in First Quarter | South Africa Reports
South African Unemployment Rises to New High in First Quarter
South Africa’s official unemployment rate rose to a new high in the first quarter, an unwelcome record for an economy recovering from its biggest contraction in a century. The jobless rate rose to 32.6% from 32.5% in the three months through December, Statistics South Africa said Tuesday in a report released in the capital, Pretoria.
Unemployment according to the expanded definition, which includes people who were available for work but not looking for a job, rose to 43.2% from 42.6% the previous quarter.
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