Economics
South Africa’s Jobless Rate Unexpectedly Declines to 25%
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South Africa’s unemployment rate unexpectedly declined to 25 percent in the third quarter as manufacturing and retail sales rose, signaling economic growth may recover from a slowdown in the second quarter.
The jobless rate fell from 25.7 percent in the second quarter, Statistics South Africa said in a report released in Pretoria, the capital, today. The median estimate of five analysts in a Bloomberg survey was for an increase to 26 percent. Unemployment in South Africa is the highest of 61 nations tracked by Bloomberg.