South African unemployment rate drops for 4th consecutive quarter

Economic news

Unemployment fell to 32.7% in Q4 2022 from 32.9% with a total number of unemployed people edging up to 7.8 million people. Africa’s most industrialized economy has one of the highest unemployment rates in the world, with a yawning divide between the rich and poor remaining almost three decades after the end of apartheid.

Source : CNBC Africa

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