Nigeria has the third highest unemployment rate at 33.3 per cent, while South Africa has the highest rate among a list of 82 countries, Bloomberg reported on Tuesday.
According to the report, South Africa’s unemployment rate rose to 34.4 per cent in the second quarter from 32.6 per cent.
Naimbia has the second highest unemployment rate rises at 33.4 per cent, the report said.
According to the Bloomberg report, the median of three economists’ estimates in a survey was 33.2 percent.
Jordan occupied the fourth nation at 25.0 per cent, with Costa Rica appearing as the fifth nation with an unemployment rate of 18.1 per cent.
Unemployment, according to the expanded definition, includes people who were available for work but not looking for a job, rose to 44.4 per cent from 43.2 per cent in the first quarter.
While the unemployment rate in South Africa is now the highest among the countries tracked by Bloomberg, the data from some of the nations could be outdated.
– Punch