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South Africa Unemployment Rate Rises to Highest in the World

  • Official unemployment at 34.4% versus 32.6% in first quarter
  • Finance industry lost 278,000 jobs, manufacturing 83,000
A 'To Let' sign on the window of a closed store in Johannesburg.

A 'To Let' sign on the window of a closed store in Johannesburg.

Photographer: Waldo Swiegers/Bloomberg
Prinesha Naidoo
Updated on

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South Africa’s unemployment rate surged to the highest on a global list of 82 countries monitored by Bloomberg.