Unemployment Rate In South Africa 2024 Q3. In november 2023 the unemployment rate dropped to 31.9% in the third quarter, marking a nearly 1% decrease from the previous. The unemployment rate, which maintained an average of 33.9% in 2021 and 2022, is anticipated to further increase to an average of 34.7% for the years 2023 and.

This is higher than the long term average of 23.90%. The quarterly labour force survey (qlfs) released by statistics south africa (statssa) on tuesday indicated some improvements in the country’s employment.