South Africa’s Official Unemployment Rate Reaches 32.1%

Stats SA has revealed that the official unemployment rate has reached 32.1% in the fourth quarter of 2023, up from 31.9% in the previous quarter.

EWN reports that community and social services were among the sectors with over 170,000 job losses. Meanwhile, manufacturing also experienced a decline. However, it was less severe compared to construction, agriculture, and trade.

Also read: South Africa’s Unemployment Crisis Sparks Anger

7.9 million people are now unemployed. The inclusion of discouraged jobseekers compounds this change. The expanded unemployment rate nearly doubles when factoring in this group.

Stats SA’s report emphasises the persistent vulnerability of young people in the workforce. This fact reflects ongoing challenges in employment opportunities. The data highlights the need for comprehensive strategies to address unemployment and promote economic growth.

Also read:

South Africa’s Unemployment Rate Returns to Pre-COVID-19 Levels

Picture: Meta / Stats SA

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