Labour Costs in South Africa increased to 161.10 points in the second quarter of 2019 from 157 points in the first quarter of 2019.

Labour Costs in South Africa averaged 46.78 points from 1970 until 2019, reaching an all time high of 161.10 points in the second quarter of 2019 and a record low of 1 points in the first quarter of 1970. This page provides the latest reported value for - South Africa Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: South African Reserve Bank

Labour Costs in South Africa is expected to be 158.76 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in South Africa to stand at 162.00 in 12 months time. In the long-term, the South Africa Labour Costs is projected to trend around 174.77 points in 2020, according to our econometric models.


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South Africa Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
161.10 157.00 161.10 1.00 1970 - 2019 points Quarterly
SA, 2010=100
South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 29.10 29.00 30.40 21.50 percent [+]
Employed Persons 10142000.00 10172000.00 10174000.00 3694977.00 [+]
Unemployed Persons 6733.71 6655.00 6733.71 3873.00 Thousand [+]
Labor Force Participation Rate 59.90 59.80 60.80 53.60 percent [+]
Labour Costs 161.10 157.00 161.10 1.00 points [+]
Wages 21966.00 21432.00 21966.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19122.00 18798.00 19122.00 6250.00 ZAR/Month [+]
Population 58.78 57.73 58.78 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 [+]
Wages High Skilled 22600.00 20300.00 22600.00 19000.00 ZAR/Month [+]
Living Wage Family 11300.00 10700.00 11300.00 10700.00 ZAR/Month [+]
Living Wage Individual 6570.00 6140.00 6570.00 6140.00 ZAR/Month [+]
Wages Low Skilled 4380.00 3960.00 4380.00 3840.00 ZAR/Month [+]
Youth Unemployment Rate 58.20 56.40 58.20 48.80 percent [+]
Employment Rate 42.40 42.44 46.17 41.00 percent [+]