South Africa’s unemployment rate has climbed to a new record high of 34.4%. Incredibly high jobless rates continue to contribute to social unrest and were a key factor in the outbreak of violence and looting this winter.
On Tuesday, Statistician General Risenga Maluleke announced that the unemployment rate had risen from 32.6% in the first three months of the year to 34.4% in the second quarter. According to Bloomberg, the figure is the highest of 82 countries monitored by the financial software and media firm.
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