Tuesday, April 8, 2014

By the way

We were told the unemployment rate in South Africa is 35%.  The February data is actually 24.2%.  That's still amazingly grim.  It's a beautiful country, but I worry about how it can hold together.  It's also possibly closer to 35% -- not sure how they count it.

Cape Town appears to be booming, but even there unemployment is 17% (for the province).

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