South Africas Unemployment Rate 2025

2025

South Africas Unemployment Rate 2025. Rate Cuts 2024 South African Economy Addy Lizzie In 2024, the unemployment rate in Southern Africa was 27.24 percent. 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.

Unemployment South Africa 2024 Evanne Aundrea
Unemployment South Africa 2024 Evanne Aundrea from terzaorelle.pages.dev

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. Unemployment Rate in South Africa averaged 27.36 percent from 2000 until 2024, 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.

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. 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.. 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

Rate Cuts 2024 South African Economy Addy Lizzie. Unemployment refers to the share of the labor force that is without work but available for and seeking employment 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.

South Africa’s unemployment rate is at a 13year high, most affecting women and the youth. Take-profit.org provides data on the percentage of employed people in the South African labour market. 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.