The latest jobs report brings good news, but unemployment remains sky-high, consistently above 20% for more than two decades. In the second quarter of 2022, the unemployment rate unexpectedly fell to 33.9%, despite devastating floods in Durban – a key economic center – and more intense load shedding. According to the results of the Quarterly Labor Force Survey (QLFS) for the second quarter, released today by Statistics South Africa, the country added 648,000 jobs between the first and second quarters. The official unemployment rate was 33.9%, down by 0.6 pp, and the total number of…

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