South Africa's unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high of 35.3% in the Q4 of 2021. The number of unemployed persons increased by 132 thousand to 7.994 million, employment rose by 648 thousand to 15.562 million and the labour force went up by 780 thousand to 23.556 million. Among sectors, job gains were mainly observed in community and social services (+276 thousand), followed by trade (+169 thousand), finance (+128 thousand) and construction (+104 thousand). However, manufacturing (-73 thousand) and transport (-54 thousand) reported declines, amid disruptions caused by rolling blackouts and severe flooding in KwaZulu-Natal. The expanded definition of unemployment, including people who have stopped looking for work, was at 44.1%, down from 45.5% in the first quarter. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 61.4% in the second quarter of 2022, the lowest in almost two years. source: Statistics South Africa
Unemployment Rate in South Africa averaged 26.66 percent from 2000 until 2022, reaching an all time high of 35.30 percent in the fourth quarter of 2021 and a record low of 21.50 percent in the fourth quarter of 2008. This page provides - South Africa Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Unemployment Rate in South Africa is expected to be 34.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Unemployment Rate is projected to trend around 36.00 percent in 2023 and 35.00 percent in 2024, according to our econometric models.