South Africa's unemployment rate rose to 32.6% in the first quarter of 2021 from 32.5% in the previous period. It was the highest jobless rate since comparable data began in 2008. The number of unemployed persons increased by 8 thousand to 7.2 million, employment fell by 28 thousand to 15 million and the labour force went down by 20 thousand to 22.2 million. Total employment fell mostly in construction (-87 thousand), trade (-84 thousand), private households (-70 thousand), transportation services (-40 thousand) and agriculture (-18 thousand), but it rose sharply in financial services (+215 thousand). The expanded definition of unemployment, including people who have stopped looking for a work, was at 43.2%, up from 42.6% in the prior period. Also, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, hit a new record high of 63.3%. source: Statistics South Africa
Unemployment Rate in South Africa averaged 26.08 percent from 2000 until 2021, reaching an all time high of 32.60 percent in the first 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 July of 2021.
Unemployment Rate in South Africa is expected to be 35.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in South Africa to stand at 35.80 in 12 months time. In the long-term, the South Africa Unemployment Rate is projected to trend around 36.00 percent in 2022 and 35.00 percent in 2023, according to our econometric models.