Youth Unemployment Rate in South Africa decreased to 52.30 percent in the second quarter of 2020 from 59 percent in the first quarter of 2020.

Youth Unemployment Rate in South Africa averaged 53.03 percent from 2013 until 2020, reaching an all time high of 59 percent in the first quarter of 2020 and a record low of 48.80 percent in the fourth quarter of 2014. This page provides - South Africa Youth Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Youth Unemployment Rate - values, historical data and charts - was last updated on October of 2020. source: Statistics South Africa

Youth Unemployment Rate in South Africa is expected to be 55.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in South Africa to stand at 56.00 in 12 months time. In the long-term, the South Africa Youth Unemployment Rate is projected to trend around 54.00 percent in 2021 and 55.00 percent in 2022, according to our econometric models.

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South Africa Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
52.30 59.00 59.00 48.80 2013 - 2020 percent Quarterly

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.30 30.10 30.40 21.50 percent [+]
Employed Persons 9548000.00 10231000.00 10231000.00 3694977.00 [+]
Unemployed Persons 4294.85 7069.65 7069.65 3873.00 Thousand [+]
Labor Force Participation Rate 47.30 60.30 60.80 47.30 percent [+]
Labour Costs 163.80 165.60 165.60 1.00 points [+]
Wages 21455.00 22387.00 22500.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 17006.00 19114.00 19377.00 6250.00 ZAR/Month [+]
Population 58.80 58.78 58.80 17.46 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 65.00 60.00 [+]
Minimum Wages 20.76 20.00 20.76 20.00 ZAR/Hour [+]
Youth Unemployment Rate 52.30 59.00 59.00 48.80 percent [+]
Employment Rate 42.14 42.40 46.17 41.00 percent [+]