Unemployment Rate 2024 South Africa. As of today, south africa hit an unemployment rate of 32.1%, making it the country with the highest unemployment rate on the continent in 2024. Youth unemployment rate in south africa averaged 56.15 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.

The coalition government was finally formed at the end of june and faces the challenge of reigning in south africa’s desperate unemployment rate of 32%, the highest. South africa’s unemployment rate eased to 32.7% in the fourth quarter of 2022, the lowest since the first quarter of 2021, from 32.9% in the prior period.