South Africas Unemployment Rate 2025

South Africas Unemployment Rate 2025. Rate Cuts 2024 South African Economy Addy Lizzie The second quarterly decline in a row took unemployment to 31.9% in October-December , opens new tab from 32.1% in July-September, data from Statistics South Africa showed. In Q3 2024, South Africa's unemployment rate decreased to 32.1%, down from 33.5% in Q2, marking a significant drop.

The youth are not absorbed in the labor market South Africa has a large young population.As of 2021, of the almost 60 million South Africans, 26.7 million were aged 24 years and younger. Take-profit.org provides data on the percentage of employed people in the South African labour market.

Rate Cuts 2024 South African Economy Addy Lizzie

Unemployment Rate in South Africa decreased to 31.90 percent in the fourth quarter of 2024 from 32.10 percent in the third quarter of 2024 South Africa's unemployment rate remains stubbornly high, with growth in the labour force outpacing growth of the economy Unemployment, total (% of total labor force) (modeled ILO estimate) in South Africa was reported at 32.1 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources.

Unemployment South Africa 2024 Evanne Aundrea. South Africa unemployment rate for 2023 was 27.99%, a 0.85% decline from 2022.; South Africa unemployment rate for 2022 was 28.84%, a 0.07% increase from 2021.; South Africa unemployment rate for 2021 was 28.77%, a 4.43% increase from 2020.. In 2024, the unemployment rate in Southern Africa was 27.24 percent.

Unemployment South Africa 2024 Evanne Aundrea. In Q3 2024, South Africa's unemployment rate decreased to 32.1%, down from 33.5% in Q2, marking a significant drop. Unemployment, total (% of total labor force) (modeled ILO estimate) in South Africa was reported at 32.1 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources.