South Africa Unemployment Rate

Unemployment Rate in South Africa decreased to 24.10 percent in the fourth quarter of 2013 from 24.50 percent in the third quarter of 2013. Unemployment Rate in South Africa is reported by the Statistics South Africa. Unemployment Rate in South Africa averaged 25.26 Percent from 2000 until 2013, 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
24.10 24.50 31.20 21.50 24.17 | 2014/03 2000 - 2013 Percent Quarterly

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South Africa Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-06 10:30 AM South Africa
Unemployment Rate
Q1 2013 25.2% 24.90%
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%
2014-05-02 09:30 AM South Africa
Unemployment Rate
Q1 2014 24.1% 24.2%
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Labour Last Previous Highest Lowest Forecast Unit
Unemployment Rate 24.10 2013-12-31 24.50 31.20 21.50 24.17 2014-03-31 Percent [+]
Employed Persons 8495000.00 2013-12-31 8453000.00 8512000.00 3694977.00 8425041.76 2014-03-31 [+]
Labour Costs 351.90 2013-08-15 346.30 351.90 3.20 356.66 2013-12-31 Index Points [+]
Labor Force Participation Rate 57.10 2013-11-15 57.10 60.80 53.60 57.93 2014-03-31 Percent [+]
Retirement Age Men 60.00 2014-01-01 60.00 65.00 60.00 60.00 2014-06-30 [+]
Retirement Age Women 60.00 2014-01-01 60.00 60.00 60.00 60.00 2014-06-30 [+]
Unemployed Persons 4830.00 2013-11-15 4880.00 4880.00 3873.00 4958.97 2014-03-31 Thousand [+]
Wages 422676000.00 2013-11-15 398113000.00 422676000.00 14639220.00 420876995.48 2014-03-31 ZAR THO [+]
Wages in Manufacturing 54706000.00 2013-11-15 48676000.00 54706000.00 11800149.00 53294244.36 2014-03-31 ZAR THO [+]
Population 52.98 2013-12-31 52.20 52.98 17.40 53.59 2013-12-31 Million [+]
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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.

From Q3 2013 to Q4 2013, the number of unemployed persons decreased by 50 000 over the period. Over the same period, discouraged job-seekers declined by 97 000, while the other (not economically active group) increased by 159 000, resulting in an increase of 63 000 in the not economically active group as a whole. 

In the same period, employment increased by 141 000, largely due to an increase of 123 000 in the informal sector and 64 000 jobs in the formal sector. Both the Agricultural and Private Households industries shed jobs (by 27 000 and 20 000 respectively). The highest employment gains quarter-to-quarter were observed in the Community and social services, Construction, and Trade industries. Job losses were observed in five industries, and of these, the Agriculture, Finance and other business services, and Private households industries shed most jobs (27 000, 23 000 and 20 000, respectively). 

Regionally, the highest employment gains were observed in the Western Cape, Eastern Cape and North West. KwaZulu-Natal was the only province that experienced job losses (of 42 000) in Q4 2013.  

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
2/11/2014 10:04:06 AM

RECENT RELEASES

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

South Africa Unemployment Rate At 2-Year High in Q2
In the second quarter of 2013, South African unemployment rate increased to 25.6 percent, the highest rate in two years. Between the first and the second quarters of 2013, the labour force increased by 222 000 persons, reflecting a rise in the number of both unemployed persons (122 000) and employed persons (100 000). Published on 2013-07-30


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


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