10 Countries with the Highest Rates of Unemployment

1. South Africa

Unemployment Rate: 29.8%

Even though South Africa’s economy is the second largest in Africa, with promising contributions in the industrial and technological sectors, the country’s unemployment rate has been measured above 20% for a while now. According to Research, the South African job market is restricted to few industries, leading to few new firms entering the market and eventually affecting job creation.  Moreover, issues like property rights, corruption, and bureaucracy have caused a hindrance in the job market.  It is the country with the highest rate of unemployment.

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