South Africa's unemployment rate jumps to new record high
By Reuters Staff 2 Min Read FILE PHOTO: Job seekers stand outside a construction site ahead of the release of the unemployement numbers by Statistics South Africa, in Eikenhof, south of Johannesburg, South Africa, June 23, 2020. REUTERS/Siphiwe Sibeko PRETORIA (Reuters) - South Africa’s unemployment rate jumped to a record high in the fourth quarter of last year, the statistics agency said on Tuesday, as the economy was further battered by the COVID-19 pandemic. Statistics South Africa said the unemployment rate stood at 32.5% in the October-December quarter, meaning 7.2 million people were...