Economic horror show: South Africa’s unemployment rate hits new record of 34.9%

30 November 2021 by Ed Stoddard

South Africa’s unemployment rate hit a new record high of 34.9% in the third quarter (Q3) from 34.4% in Q2, Statistics South Africa (Stats SA) said on Tuesday. Under the expanded definition, which includes discouraged jobseekers, the rate rose 2.2 percentage points to a shocking 46.6%. It is all very discouraging.