South Africa Unemployment Rate

Country:
South Africa
ZAR, South African rand
Sector:
Labor
Medium 32.5% 27.2%
30.8%
Last release Importance Actual Forecast
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South African Unemployment Rate reflects the rate of currently unemployed residents to the total civilian labor force.

Statistics South Africa quarterly conducts the Labour Force Survey involving about 30,000 households. The sample is based on 2001 census data.

The unemployed are defined as persons from 15 to 74 years of age who:

  • were not employed in the referenced week; and
  • actively looked for a job or tried to start a business in the four weeks preceding the report, and
  • were ready to start work in the reference week; or
  • had not actively looked for a job in the previous four weeks but had a job to start in future.

Based on the survey results, Statistics South Africa publishes a complete report with the unemployment metrics split by ethnic, gender and age groups.

The unemployment rate is important both from the social and economic point of view. The growth of unemployment leads to a decrease in the incomes of individuals and therefore to a decrease in consumer activity. In addition, this increases the pressure on the state budget and reduces tax revenues. Therefore, higher than forecast readings are seen as negative for the South African economy and for rand quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "South Africa Unemployment Rate" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
4 Q 2020
32.5%
27.2%
30.8%
3 Q 2020
30.8%
24.6%
23.3%
2 Q 2020
23.3%
30.3%
30.1%
1 Q 2020
30.1%
28.8%
29.1%
4 Q 2019
29.1%
29.1%
29.1%
3 Q 2019
29.1%
29.0%
2 Q 2019
29.0%
27.6%
1 Q 2019
27.6%
27.1%
4 Q 2018
27.1%
27.5%
3 Q 2018
27.5%
27.2%
2 Q 2018
27.2%
26.7%
1 Q 2018
26.7%
26.7%
4 Q 2017
26.7%
27.7%
3 Q 2017
27.7%
27.7%
2 Q 2017
27.7%
27.7%
1 Q 2017
27.7%
26.5%
4 Q 2016
26.5%
27.1%
3 Q 2016
27.1%
26.6%
2 Q 2016
26.6%
26.7%
1 Q 2016
26.7%
24.5%
4 Q 2015
24.5%
25.5%
3 Q 2015
25.5%
25.0%
2 Q 2015
25.0%
26.4%
1 Q 2015
26.4%
24.3%
4 Q 2014
24.3%
25.4%
3 Q 2014
25.4%
25.5%
2 Q 2014
25.5%
25.2%
1 Q 2014
25.2%
24.1%
4 Q 2013
24.1%
24.7%
3 Q 2013
24.7%
25.6%
2 Q 2013
25.6%
25.3%
1 Q 2013
25.2%
24.9%
4 Q 2012
24.9%
25.5%
3 Q 2012
25.5%
24.9%
2 Q 2012
24.9%
25.2%
1 Q 2012
25.2%
23.9%
4 Q 2011
23.9%

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