Labour Costs in South Africa increased to 166.10 points in the fourth quarter of 2020 from 162.20 points in the third quarter of 2020. source: South African Reserve Bank

Labour Costs in South Africa averaged 50.25 points from 1970 until 2020, reaching an all time high of 177.40 points in the second quarter of 2020 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. South Africa Labour Costs - values, historical data and charts - was last updated on September of 2021.

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. In the long-term, the South Africa Labour Costs is projected to trend around 168.43 points in 2022 and 174.77 points in 2023, according to our econometric models.

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South Africa Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
166.10 162.20 177.40 1.00 1970 - 2020 points Quarterly
SA, 2010=100

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 34.40 32.60 34.40 21.50 percent [+]
Employed Persons 14941.57 14995.34 16528.70 11666.00 [+]
Unemployed Persons 7800.00 7200.00 7800.00 3873.00 Thousand [+]
Labor Force Participation Rate 57.50 56.40 60.80 47.30 percent [+]
Labour Costs 166.10 162.20 177.40 1.00 points [+]
Wages 23122.00 23133.00 23133.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19552.00 19788.00 19788.00 6250.00 ZAR/Month [+]
Population 59.30 58.80 59.30 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 [+]
Youth Unemployment Rate 64.40 63.30 64.40 48.80 percent [+]
Minimum Wages 21.69 20.76 21.69 20.00 ZAR/Hour [+]
Employment Rate 37.70 38.01 46.17 36.26 percent [+]