South Africa Unemployed Persons - Forecast

Unemployed Persons in South Africa is expected to be 6570.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in South Africa to stand at 6059.08 in 12 months time. In the long-term, the South Africa Unemployed Persons is projected to trend around 6670.00 Thousand in 2020, according to our econometric models.


Forecast Data Chart
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South Africa Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 27.2 27.4 27.4 27.2 27.1 24
Employed Persons 9838000 9978000 10111000 10511000 10711000 11711000
Unemployed Persons 6100 6570 6610 6037 6059 6670
Labor Force Participation Rate 59.1 59.67 60.5 59.65 59.18 61
Labour Costs 148 153 155 156 158 173
Wages 19858 20500 20500 20200 21612 21600
Wages in Manufacturing 17146 17600 17900 17100 18211 19000
Population 56.52 58 58 59 59 60
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 60 60 60 60 60 60
Wages Low Skilled 3950 4108 4108 4157 4073 4157
Youth Unemployment Rate 53.7 52.24 51.44 52.18 53.07 51.51
Wages High Skilled 21300 21700 21700 22100 20101 23200
Living Wage Family 10300 10400 10400 10500 10500 10630
Living Wage Individual 6460 6530 6530 6630 6630 6700
Employment Rate 43.1 42.98 42.9 43 43.1 45.12