SA's unemployment rate is now the highest on a global list of 82 countries monitored by Bloomberg. This shocking news follows the announcement by Stats SA this week that the unemployment rate of Africa's most developed nation reached 34.4% in the second quarter of 2021.
If you consider the expanded definition - which includes those people who have given up looking for work - the number rises to 44.4%. If you dig deeper into the numbers, you will find the expanded youth unemployment rate is 74.8%...
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