Skip to content

S. African Jobless Rate Drops Unexpectedly in Second Quarter

  • Unemployment rate fell to 33.9% in three months through June
  • Jobless rate is highest of 82 nations monitored by Bloomberg
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

South Africa’s unemployment rate unexpectedly declined for a second consecutive quarter, even as flooding devastated a major transportation hub and electricity outages intensified.