South Africa: Unemployment rate decreases slightly to 32.6% in Q2 – Statistics Agency

South Africa’s unemployment rate reached 32.6% in the second quarter of this year, data released by the Statistics Agency ‘Stats SA’ revealed on Tuesday.

“The unemployment rate in the country decreased by 0.3% compared to the previous quarter,” specify the statistics of the quarterly survey of the active population for the period from April 1 to the end of June 2023.

According to the same source, the number of people employed in South Africa currently stands at 16.3 million, which is almost the same as before the Covid-19 pandemic when the figure was 16.4 million.

Last May, Stats SA reported that the unemployment rate in the country reached 32.9% in the first three months of 2023, compared to 32.7% observed in the fourth quarter of 2022.

The South African economy narrowly avoided recession in the first quarter of this year. Gross Domestic Product (GDP) had risen just 0.4% during that period, after a decline of 1.1% in the last three months of 2022.

About Khalid Al Mouahidi 4245 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network