what is the unemployment rate in south africa

11 months ago 19
Nature

According to the search results, the unemployment rate in South Africa is 32.6% as of the second quarter of 2023. This is a slight decrease from the previous quarters rate of 32.9% . However, analysts say that the official unemployment number doesnt even count those who have given up on finding work and dropped off the grid, and that a more accurate assessment would be that nearly 42% of South Africas working-age population is unemployed. When it comes to youth unemployment, the rate is 61% of 15- to 24-year-olds, according to official statistics, and a staggering 71% if you again count those who are no longer trying.