Employment Rate in South Africa decreased to 42.40 percent in the third quarter of 2019 from 42.44 percent in the second quarter of 2019. Employment Rate in South Africa averaged 43.17 percent from 2000 until 2019, reaching an all time high of 46.17 percent in the fourth quarter of 2008 and a record low of 41 percent in the first quarter of 2004. source: Statistics South Africa
Employment Rate in South Africa is expected to be 43.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in South Africa to stand at 43.00 in 12 months time. In the long-term, the South Africa Employment Rate is projected to trend around 44.20 percent in 2020, according to our econometric models.