South Africa Unemployment Rate (WEO) in 2011
South Africa Unemployment Rate (WEO) opened 2011 at 24.64% and closed at 24.64%, a +0.00% move for the year. The high of 24.64% was reached on December 31, and the low of 24.64% on December 31.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Dec | 24.64% | 24.64% | 24.64% | 24.64% | +0.00% |
Events During 2011
S&P stripped the United States of its AAA credit rating on August 5, 2011, the first time in history. Markets whipsawed as the debt ceiling fight showed political risk could reprice government creditworthiness.
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
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