Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

South African Unemployment Hits Record High in Fourth Quarter

02/23/2021 | 05:00am EST

By Xavier Fontdegloria

South Africa's official unemployment rate increased to a record high in the fourth quarter of 2020, data from the country's statistics office showed Tuesday.

South Africa's unemployment rate stood at 32.5% in the fourth quarter, up 1.7 percentage points from 30.8% in the third quarter.

The reading is the highest since start of the series in 2008.

The South African Reserve Bank forecasts that the economy will grow 3.6% in 2021 after an estimation that it shrank by 7.1% in 2020.

Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com

(END) Dow Jones Newswires

02-23-21 0500ET

Latest news "Economy & Forex"
05:54pNasdaq loses all of its 2021 gain
RE
05:46pU.S. 10-yr Treasury yield to hit 1.9% by year end -Goldman Sachs
RE
05:45pWELLS FARGO WILL GRANT PAID TIME OFF FOR VACCINE APPOINTMENTS : memo
RE
05:38pConsumer Cos Fall After Yields, Oil Prices Spike -- Consumer Roundup
DJ
05:34pBiden meets with U.S. lawmakers on infrastructure push
RE
05:32pBUZZ, the ETF of Social-Media Darlings, Drops in Trading Debut -- Update
DJ
05:25pFed's Powell pledges patience, says easy policy appropriate
RE
05:25pPowell pledges Fed easy policy patience, markets look impatient
RE
05:17pHealth Care Down As Risk Aversion Weighs On Biotech -- Health Care Roundup
DJ
05:14pTexas electric industry financial crisis to grow as more costs surface
RE
Latest news "Economy & Forex"