The unemployment rate in South Africa rose to 27.5 percent in the third quarter of 2018 from 27.2 percent in the previous period. It was the highest jobless rate since the third quarter of 2017, as the number of unemployed increased by 127 thousand to 6.21 million. Meantime, the number of employed advanced by 92 thousand to 16.38 million. Unemployment Rate in South Africa averaged 25.60 percent from 2000 until 2018, reaching an all time high of 31.20 percent in the first quarter of 2003 and a record low of 21.50 percent in the fourth quarter of 2008.
Unemployment Rate in South Africa is expected to be 27.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in South Africa to stand at 28.00 in 12 months time. In the long-term, the South Africa Unemployment Rate is projected to trend around 24.00 percent in 2020, according to our econometric models.