South African unemployment world’s worst

LONDON - South Africa’s unemployment rate reached a record high of 34.4% in the second quarter - the highest since records began in 2008 and the worst out of 82 countries monitored by Bloomberg.

Risenga Maluleke, the statistician general, said that because of Covid-19, “most firms have closed down”.

The unemployment rate is about 33% in both Nigeria and Namibia, and about 15% in Spain and Greece.

 

 

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