South Africa Unemployment Rate

Unemployment Rate in South Africa increased to 25.20 percent in the first quarter of 2014 from 24.10 percent in the fourth quarter of 2013. Unemployment Rate in South Africa averaged 25.26 Percent from 2000 until 2014, 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 reported by the Statistics South Africa.

   
 
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South Africa Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
25.20 24.10 31.20 21.50 2000 - 2014 Percent Quarterly
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 Up to 25.2%


In the first quarter of 2014, South Africa’s jobless rate rose to 25.2 percent from 24.1 percent in the previous three months. There were 5.067 million people without work, up from 4.83 million in the preceding quarter, mainly due to job losses in agriculture, trade and transport.

Between Q4 of 2013 and Q1 of 2014, employment decreased by 122 000, largely due to a decrease of 110 000 jobs observed in the informal sector. Both Private households and Agricultural industries shed jobs (14 000 and 5 000 respectively), while a slight increase was observed in the formal sector (7 000).

The number of unemployed persons increased by 237 000 over the same period. This resulted in a 1.1 percent increase in the unemployment rate, and 0.5 of a percentage point decrease in the absorption rate. Over the same period, the number of discouraged job-seekers increased by 154 000, while the other (not economically active group) decreased by 114 000, resulting in an increase of 40 000 in the not economically active group as a whole. 

Compared to a year ago, employment increased by 496 000, mainly due to an increase of 538 000 jobs observed in the formal sector. Job losses were observed in the Agricultural industry (55 000) during the same quarter. 

The number of unemployed people increased by 205 000 over the period. Slight increases were thus observed in the unemployment rate and absorption rate (0.2 percent and 0.7 percent, respectively). Among the not economically active population, there were decreases, with the discouraged job-seekers declining by 1.9 percent, and the (other) not economically active group by 0.3 percent.  

Eight provinces recorded highest unemployment rates in Q1 of 2014 compared with Q4 of 2013, with the largest increases recorded in Northern Cape and Mpumalanga at 4.1 and 3.2 percentage points respectively. The official unemployment rate in Western Cape remained virtually unchanged. 

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
5/5/2014 10:52:31 AM


Recent Releases

South Africa Unemployment Rate Falls in Q4 2013
In the last quarter of 2013, South African jobless rate slowed for the second straight quarter to 24.1 percent, from a revised 24.5 percent in the previous period. The expanded definition of unemployment, including people who stopped looking for work, was recorded at 34 percent. Published on 2014-02-11

South Africa Unemployment Rate Down to 24.7% in Q3
In the third quarter of 2013, South African jobless rate decreased to 24.7 percent, the lowest value in almost two years. The number of people without work went down to 4.66 million, down from 4.72 million in the previous three months. Published on 2013-10-29


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-07-30 10:30 AM South Africa
Unemployment Rate
Q2 2013 25.6% 25.2% 25.1%
2013-10-29 09:30 AM South Africa
Unemployment Rate
Q3 2013 24.7% 25.6% 25.4%
2014-02-11 09:30 AM South Africa
Unemployment Rate
Q4 2013 24.1% 24.5% (R) 24.6%
2014-05-05 10:30 AM South Africa
Unemployment Rate
Q1 2014 25.2% 24.10% 24.60%
2014-07-29 12:00 PM South Africa
Unemployment Rate
Q2 2014 25.2% 24.7%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 25.20 24.10 31.20 21.50 Percent [+]
Employed Persons 8507000.00 8495000.00 8512000.00 3694977.00 [+]
Unemployed Persons 5066.96 4830.11 5066.96 3873.00 Thousand [+]
Labor Force Participation Rate 57.20 57.10 60.80 53.60 Percent [+]
Wages 403843000.00 423197000.00 423197000.00 14639220.00 ZAR THO [+]
Wages in Manufacturing 49363000.00 54857000.00 54857000.00 11800149.00 ZAR THO [+]
Labour Costs 349.70 352.60 352.60 3.20 Index Points [+]
Population 52.98 52.27 52.98 17.40 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 65.00 60.00 [+]





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