Employment Rate in South Africa decreased to 42.14 percent in the first quarter of 2020 from 42.40 percent in the fourth quarter of 2019.

Employment Rate in South Africa averaged 43.15 percent from 2000 until 2020, 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. This page provides - South Africa Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Employment Rate - values, historical data and charts - was last updated on September of 2020. source: Statistics South Africa

Employment Rate in South Africa is expected to be 42.20 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 43.40 in 12 months time. In the long-term, the South Africa Employment Rate is projected to trend around 43.50 percent in 2021 and 44.00 percent in 2022, according to our econometric models.

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South Africa Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
42.14 42.40 46.17 41.00 2000 - 2020 percent Quarterly
NSA

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 30.10 29.10 30.40 21.50 percent [+]
Employed Persons 10231000.00 10213000.00 10231000.00 3694977.00 [+]
Unemployed Persons 7069.65 6726.13 7069.65 3873.00 Thousand [+]
Labor Force Participation Rate 60.30 59.80 60.80 53.60 percent [+]
Labour Costs 165.60 160.50 165.60 1.00 points [+]
Wages 22387.00 22500.00 22500.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19114.00 19377.00 19377.00 6250.00 ZAR/Month [+]
Population 58.80 58.78 58.80 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 [+]
Minimum Wages 20.76 20.00 20.76 20.00 ZAR/Hour [+]
Youth Unemployment Rate 59.00 58.10 59.00 48.80 percent [+]
Employment Rate 42.14 42.40 46.17 41.00 percent [+]


South Africa Employment Rate
In South Africa, the employment rate measures the number of people who have a job as a percentage of the working age population.