South Africa's unemployment rate rises
South Africa's unemployment rate increased to 33.7% in the third quarter, from 33.6% in the previous quarter.
The number of unemployed people rose from 8.481 million to 8.578 million, while the expanded unemployment rate climbed from 43.8% to 44.0%. The data were released on November 10.
Persistently high unemployment highlights continued weakness in domestic demand and the country's growth outlook. Labor-market conditions remain relevant for the South African rand and local interest-rate expectations.
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