South Africa'S Unemployment Rate 2024. The first quarter of 2024 has marked a concerning shift in south africa’s unemployment landscape, according to the latest unemployment statistics from. In q1 2024, the official unemployment rate rose to a dismal 32.9%, while the broad unemployment rate (which includes disgruntled job seekers) increased to 41.9%.
South africa’s official unemployment rate of 33% is the highest in the world, and economists say it’s even higher at 42% if you count those who have given up. Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
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