Unemployment Rate 2024 South Africa Tatum Gabriela

South Africas Unemployment Rate 2025. Rate Cuts 2024 South African Economy Addy Lizzie Unemployment refers to the share of the labor force that is without work but available for and seeking employment The youth are not absorbed in the labor market South Africa has a large young population.As of 2021, of the almost 60 million South Africans, 26.7 million were aged 24 years and younger.

Unemployment, total (% of total labor force) (modeled ILO estimate) in South Africa was reported at 32.1 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. The youth are not absorbed in the labor market South Africa has a large young population.As of 2021, of the almost 60 million South Africans, 26.7 million were aged 24 years and younger.

Unemployment South Africa 2024 Evanne Aundrea

South Africa's unemployment rate remains stubbornly high, with growth in the labour force outpacing growth of the economy The pace of employment growth is expected to have slowed in 2024, with average growth for the first three quarters at 2%, compared with an average of 6.2% in 2023 Unemployment refers to the share of the labor force that is without work but available for and seeking employment

Rate Cuts 2024 South African Economy Addy Lizzie. South Africa's unemployment rate remains stubbornly high, with growth in the labour force outpacing growth of the economy Unemployment Rate in South Africa averaged 27.36 percent from 2000 until 2024, reaching an all time high of 35.30 percent in the fourth quarter of 2021 and a record low of 21.50 percent in the fourth quarter of 2008.

South Africa’s unemployment rate is at a 13year high, most affecting women and the youth. South Africa unemployment rate for 2023 was 27.99%, a 0.85% decline from 2022.; South Africa unemployment rate for 2022 was 28.84%, a 0.07% increase from 2021.; South Africa unemployment rate for 2021 was 28.77%, a 4.43% increase from 2020.. In 2024, the unemployment rate in Southern Africa was 27.24 percent.