The unemployment rate in South Africa is 27.7%. In 2017, the economy grew by 1.3%.
What is the current unemployment rate in South Africa?
The unemployment rate in South Africa is a measure of the number of people actively seeking work and not finding it. The measurement is done on a monthly basis. The official unemployment rate in South Africa was 27.2% as of the second quarter of 2018, down from 27.3% in the previous quarter and down from 29.6% in the corresponding period last year. It is difficult to measure the ‘true’ unemployment rate because some people are not looking for work while others may work part-time or have given up looking for work because of economic circumstances such as low wages or lack of jobs available in their field.
What is the current jobless rate in South Africa?
The latest labour force survey conducted in the third quarter of 2018 showed that the number of people employed increased from 14,8 million to 15,2 million, while the number of unemployed declined from 7,2 million to 6,6 million. The rate of unemployment decreased from 28.9% to 27.7% over this period.
