The number of unemployed individuals in South Africa dropped by 354 thousand over a quarter in Q3 2024, reaching 8 million, the lowest figure in almost a year. Unemployed Persons in South Africa averaged 5717.51 Thousand from 2001 until 2024, reaching an all time high of 8384.00 Thousand in the second quarter of 2024 and a record low of 3984.00 Thousand in the first quarter of 2006. source: Statistics South Africa
Unemployed Persons in South Africa is expected to be 8050.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Unemployed Persons is projected to trend around 8150.00 Thousand in 2025 and 8000.00 Thousand in 2026, according to our econometric models.