South Africa Unemployment Rate

ZAR
Actual
34.40%
Previous
32.60%
Latest Release
Aug 24, 2021
Importance
Overview
Unemployed are those people within the economically active population who; (a)did not work during the seven days prior to the interview, (b) want to work and are available to start work within a week of the interview, and (c) have taken active steps to look for work or to start some form of self-employment in the four weeks prior to the interview. Formal sector employment figures may be obtained from various other Stats SA data sets, including the Survey of Employment and earnings (SEE), which collects information on formal employment in South Africa (excluding certain industries, divisions and activities). There is a major difference between SEE and LFS. SEE obtains data from businesses, while in the LFS households, rather than businesses, are sampled. The SEE thus exclude persons working in the informal sector.
A higher than expected reading should be taken as negative/bearish for the ZAR , while a lower than expected reading should be taken as positive/bullish for the ZAR.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Aug 24, 2021 (Q2) 11:30 34.40% -
32.60%
Jun 01, 2021 (Q1) 11:30 32.60% -
32.50%
Feb 23, 2021 (Q4) 11:30 32.50% -
30.80%
Nov 12, 2020 (Q3) 11:30 30.80% 33.40%
23.30%
Sep 29, 2020 (Q2) 11:30 23.30% 29.70%
30.10%
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