The unemployment rate in South Africa increased to 29 percent in the second quarter of 2019 from 27.6 in the previous period. It was the highest jobless rate since the first quarter of 2003, as the number of unemployed rose by 455 thousand to 6.65 million and employment rose by 21 thousand to 16.31 million. A year earlier, the jobless rate was lower at 27.2 percent. Unemployment Rate in South Africa averaged 25.71 percent from 2000 until 2019, 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 28.50 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 27.70 in 12 months time. In the long-term, the South Africa Unemployment Rate is projected to trend around 29.00 percent in 2020, according to our econometric models.

South Africa Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-30 09:30 AM Unemployment Rate Q3 27.5% 27.2% 27.4%
2019-02-12 09:30 AM Unemployment Rate Q4 27.1% 27.5% 27.40%
2019-05-14 09:30 AM Unemployment Rate Q1 27.6% 27.1% 27.60%
2019-07-30 09:30 AM Unemployment Rate Q2 29% 27.6% 27.80%
2019-10-29 09:30 AM Unemployment Rate Q3 29% 28.5%



South Africa Jobless Rate Highest since 2003

The unemployment rate in South Africa increased to 29 percent in the second quarter of 2019 from 27.6 in the previous period. It was the highest jobless rate since the first quarter of 2003, as the number of unemployed rose by 455 thousand to 6.65 million and employment rose by 21 thousand to 16.31 million.

The number of unemployed advanced by 455 thousand to 6.65 million from 6.20 million in the first quarter of the year. Employment went up by 21 thousand to 16.31 million from 16.29 million in the prior period. Job losses were recorded in the formal sector (-49 thousand) and private households (-49 thousand) while gains ocurred in the informal sector (+114 thousand) and agriculture (+5 thousand).

The labour force also increased by 476 thousand to 22.97 miliion from 22.49 million in the previous quarter and those detached from it rose by 3 thousand to 15.47 million from 15.79 million.

The expanded definition of unemployment, including people who have stopped looking for work, went up to 38.54 percent in the second quarter of 2019 from 38 percent in the first quarter. 

By genders, the jobless rate advanced for both women (31.3 percent from 29.3 percent in Q1) and men (27.12 percent from 26.1 percent). Also, the youth unemployment rate continued to rise to 56.4 percent from 55.2 percent in the prior period.

A year earlier, the jobless rate was lower at 27.2 percent. 


Statistics South Africa | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/30/2019 10:18:21 AM



South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 29.00 27.60 31.20 21.50 percent [+]
Employed Persons 10174000.00 10152000.00 10174000.00 3694977.00 [+]
Unemployed Persons 6655.30 6200.79 6655.30 3873.00 Thousand [+]
Labor Force Participation Rate 59.80 58.80 60.80 53.60 percent [+]
Labour Costs 156.20 155.20 156.20 1.00 Index Points [+]
Wages 20855.00 21190.00 21190.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 18167.00 18510.00 18510.00 6250.00 ZAR/Month [+]
Population 58.78 57.73 58.78 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 [+]
Wages Low Skilled 4380.00 3960.00 4380.00 3840.00 ZAR/Month [+]
Youth Unemployment Rate 56.40 55.20 56.40 48.80 percent [+]
Wages High Skilled 22600.00 20300.00 22600.00 19000.00 ZAR/Month [+]
Living Wage Family 11300.00 10700.00 11300.00 10700.00 ZAR/Month [+]
Living Wage Individual 6570.00 6140.00 6570.00 6140.00 ZAR/Month [+]
Employment Rate 42.44 42.56 46.17 41.00 percent [+]


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. This page provides - South Africa Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
29.00 27.60 31.20 21.50 2000 - 2019 percent Quarterly
SA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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