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South Africa Jobless Rate Drops To Third Highest in the World

  • Unemployment rate at 32.9% versus 33.9% in second quarter
  • South Africa jobless rate has exceed 20% for about two decades

South Africa’s unemployment rate declined for a third consecutive quarter even as record power outages disrupted business and weighed on economic output.

The official jobless rate decreased to 32.9% in the three months through September from 33.9% in the previous quarter, Statistics South Africa said Tuesday in a report released in the capital, Pretoria.