South Africa's unemployment rate rose to 34.4% in the second quarter of 2021 from 32.6% in the previous period. It was the highest jobless rate since comparable data began in 2008, amid the worsening pandemic crisis and also reflecting a week of deadly unrest and looting last month in parts of the country. The number of unemployed persons jumped by 584 thousand to 7.8 million, employment fell by 54 thousand to 14.9 million and the labour force went up by 530 thousand to 22.8 million. Job losses were concentrated in the financial sector (-278 thousand), followed by community and social services (-166 thousand) and manufacturing (-83 thousand). The expanded definition of unemployment, including people who have stopped looking for a work, was at 44.4%, up from 43.2% in the prior period. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, hit a new record high of 64.4%. source: Statistics South Africa
Unemployment Rate in South Africa averaged 26.20 percent from 2000 until 2021, reaching an all time high of 34.40 percent in the second quarter of 2021 and a record low of 21.50 percent in the fourth quarter of 2008. This page provides - South Africa Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Unemployment Rate in South Africa is expected to be 35.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Unemployment Rate is projected to trend around 36.00 percent in 2022 and 35.00 percent in 2023, according to our econometric models.