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South Africa Unemployment Rate
2022 Data – 2023 Forecast – 2000-2021 Historical
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South Africa’s unemployment rate was at 32.9% in the third quarter of 2022, down from 33.9% in the prior period and below market estimates of 33.4%.This was the lowest jobless rate since Q1 of 2021, as the number of unemployed persons declined by 269 thousand to 7.725 million and employment rose by 204 thousand to 15.765 million.However, the labour force fell by 66 thousand to 23.491 million.Among sectors, manufacturing (+123 thousand), trade (+82 thousand), construction (+46 thousand) and transport (+33 thousand) saw the largest job gains, while jobs were cut in finance (-80 thousand), private households (-36 thousand) and mining and agriculture (-1 thousand) each.
The expanded definition of unemployment, including people who have stopped looking for work, was at 43.1%, down from 44.1% in the second quarter.The youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell further to an over two-year low of 59.6% in the third quarter of 2022, but remains high.
source:
Statistics South Africa
Unemployment Rate in South Africa averaged 26.74 percent from 2000 until 2022, 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.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 December of 2022.
Unemployment Rate in South Africa is expected to be 33.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.In the long-term, the South Africa Unemployment Rate is projected to trend around 34.20 percent in 2023 and 35.00 percent in 2024, according to our econometric models.
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source: tradingeconomics.com
width
height
Preview
Calendar
GMT
Reference
Actual
Previous
Consensus
TEForecast
2022-08-23
09:30 AM
Unemployment Rate
Q2
33.9%
34.5%
35%
2022-11-29
09:30 AM
Unemployment Rate
Q3
32.9%
33.9%
33.4%
34.3%
2023-02-21
09:30 AM
Unemployment Rate
Q4
32.9%
33.2%
Related
Last
Previous
Unit
Reference
Unemployment Rate
32.90
33.90
percent
Sep 2022
Employed Persons
15765.00
15561.86
Sep 2022
Unemployed Persons
7700.00
8000.00
Thousand
Sep 2022
Labor Force Participation Rate
58.30
58.60
percent
Sep 2022
Wages
24813.00
24578.00
ZAR/Month
Sep 2022
Wages in Manufacturing
21839.00
21401.00
ZAR/Month
Sep 2022
Population
60.14
59.30
Million
Dec 2021
Youth Unemployment Rate
59.60
61.40
percent
Sep 2022
Employment Rate
39.10
38.70
percent
Sep 2022
South Africa Unemployment Rate
In South Africa, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual
Previous
Highest
Lowest
Dates
Unit
Frequency
32.90
33.90
35.30
21.50
2000 – 2022
percent
Quarterly
SA
Compare
Unemployment Rate by Country
News Stream
South Africa Jobless Rate Falls to Over 1-1/2-Year Low
South Africa’s unemployment rate was at 32.9% in the third quarter of 2022, down from 33.9% in the prior period and below market estimates of 33.4%.
This was the lowest jobless rate since Q1 of 2021, as the number of unemployed persons declined by 269 thousand to 7.725 million and employment rose by 204 thousand to 15.765 million.However, the labour force fell by 66 thousand to 23.491 million.Among sectors, manufacturing (+123 thousand), trade (+82 thousand), construction (+46 thousand) and transport (+33 thousand) saw the largest job gains, while jobs were cut in finance (-80 thousand), private households (-36 thousand) and mining and agriculture (-1 thousand) each.The expanded definition of unemployment, including people who have stopped looking for work, was at 43.1%, down from 44.1% in the second quarter.The youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell further to an over two-year low of 59.6% in the third quarter of 2022, but remains high.
2022-11-29
South Africa Jobless Rate Falls Further in Q2
South Africa’s unemployment rate was at 33.9% in the Q2 of 2022, down from 34.5% in the Q1 and a record high of 35.3% in the Q4 of 2021.The number of unemployed persons increased by 132 thousand to 7.994 million, employment rose by 648 thousand to 15.562 million and the labour force went up by 780 thousand to 23.556 million.
Among sectors, job gains were mainly observed in community and social services (+276 thousand), followed by trade (+169 thousand), finance (+128 thousand) and construction (+104 thousand).However, manufacturing (-73 thousand) and transport (-54 thousand) reported declines, amid disruptions caused by rolling blackouts and severe flooding in KwaZulu-Natal.The expanded definition of unemployment, including people who have stopped looking for work, was at 44.1%, down from 45.5% in the first quarter.The youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 61.4% in the second quarter of 2022, the lowest in almost two years.
2022-08-23
South Africa Jobless Rate Falls From Record High
South Africa’s unemployment rate eased to 34.5% in the first quarter of 2022, the first decline in seven quarters, down from a record high of 35.3% in the prior period.The number of unemployed persons decreased by 60 thousand to 7.9 million, employment rose by 370 thousand to 14.9 million and the labour force went up by 310 thousand to 22.8 million.Among sectors, job gains were seen mostly in community and social services (+281 thousand), manufacturing (+263 thousand) and trade (+98 thousand).By contrast, positions were cut primarily in private households (-186 thousand), finance (-72 thousand) and construction (-60 thousand).The expanded definition of unemployment, including people who have stopped looking for work, was at 45.5%, down from 46.2% in the fourth quarter.
The youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 63.9% in the first quarter of 2022, the lowest in a year, from a record high of 66.5% in the last quarter.
2022-05-31
Related
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South African Stocks Turn Negative
South African Rand Strengthens on Ramaphosa’s Reelection
South Africa Building Permits Rise for 5th Month
South Africa Producer Inflation Hits 6-Month Low, Below Forecasts
South Africa Retail Sales Shrink for 2nd Month
South Africa November Inflation Rate Slows to 5-Month Low
South Africa Mining Output Falls More than Expected
South Africa Business Morale Improves in November
South Africa Factory Output Growth Below Forecasts
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