South Africas Unemployment Rate 2025

South Africas Unemployment Rate 2025. Rate Cuts 2024 South African Economy Addy Lizzie 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 remains stubbornly high, with growth in the labour force outpacing growth of the economy

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 Rate 2024 South Africa Tatum Gabriela

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. 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, 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.

Unemployment South Africa 2024 Evanne Aundrea. 2025 Employment Forecast in South Africa and Key Skills Needed The pace of employment growth is expected to have slowed in 2024, with average growth for the first three quarters at 2%, compared with an average of 6.2% in 2023

South Africa’s unemployment rate is at a 13year high, most affecting women and the youth. 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.