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 Tuesday in a report released in the capital, Pretoria.
The median of three economists’ estimates in a Bloomberg survey was 33.2%.
Stats SA published its latest Quarterly Labour Force Survey (QFLS) for the second quarter of 2021, showing the country’s unemployment rate has risen to another record high.
The results show that the number of employed persons decreased by 54,000 in the second quarter of 2021 to 14.9 million. The number of unemployed persons increased by 584,000 to 7.8 million compared to the first quarter of 2021, Stats SA said.
The number of discouraged work-seekers increased by 186,000 (5.9%) and the number of people who were not economically active for
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