SA unemployment stays stubbornly high at 2008 rates

South Africa’s unemployment rate remained near the highest in at least 11 years in the fourth quarter as trade and manufacturing shed jobs.
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By Prinesha Naidoo and Ray Ndlovu

(Bloomberg) – South Africa's unemployment rate remained near the highest in at least 11 years in the fourth quarter as trade and manufacturing shed jobs.

The jobless rate was 29.1%, unchanged from the three months through September, Statistics South Africa said in a report released on Tuesday in Pretoria. That matched the median estimate of four economists in a Bloomberg survey.

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