The youth unemployment rate in South Africa, which measures job-seekers between 15 and 24 years old, eased to 60.2% in the third quarter of 2024, compared to 60.8% in the previous period. Youth Unemployment Rate in South Africa averaged 56.23 percent from 2013 until 2024, reaching an all time high of 66.50 percent in the third quarter of 2021 and a record low of 48.80 percent in the fourth quarter of 2014. source: Statistics South Africa
Youth Unemployment Rate in South Africa is expected to be 61.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Youth Unemployment Rate is projected to trend around 62.00 percent in 2025 and 64.00 percent in 2026, according to our econometric models.