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< What the Big Mac index says about the value of the rand
Economics Main Page

South Africa's unemployment rate per province for 2nd quarter 2018
Date: 31 July 2018
Category: Economics

Related Topics

We take a look at the latest unemployment numbers for South Africa as published for 2nd quarter of 2018 by Statistics South Africa. 

And sadly for South Africans the story it tells is not a good one. The unemployment rate of South Africa remains persistently high and unsustainable levels of over 27% 
Picture
  • SA's unemployment

Q2:2018 unemployment for South Africa at 27.2%

Currently South Africa's unemployment rate is sitting at 27.2%. Basically 1 out of every 4 people looking for a job cannot find one in South Africa. so to those who have a job and constantly complain about their jobs, be grateful that you actually have one. As there are a lot of South Africans out there who would gladly swap places with you and take your job instead of not having one at all. The graphic below shows the unemployment rate per province for the 2nd quarter of 2018 as well as the overall average for South Africa.
chart created with amCharts | amCharts
The summary below ranks South Africa's provincial unemployment from highest to lowest for the 2nd quarter of 2018:
  • Free State: 34.4%
  • Eastern Cape: 34.2%
  • Mpumalanga: 33.2%
  • Gauteng: 29.7%
  • Northern Cape: 28.9%
  • South Africa: 27.2%
  • North West: 26.1%
  • KwaZulu-Natal: 21.8%
  • Western Cape: 20.7%
  • Limpopo: 19.3%​
5 out of South Africa's 9 provinces have an unemployment rate higher than the official unemployment rate for South Africa. With the Free State sitting with the highest unemployment rate currently in South Africa at 34.4% and Limpopo with the lowest unemployment rate at 19.3%

The graphic below shows the official unemployment rate of South Africa per quarter since the start of 2014. And the last 10 quarters of two and a half years, the unemployment rate has been above the average level of unemployment since the start of 2014. It just shows how South Africa's poor economic growth is struggling to address the massive unemployment problem in South Africa. 
chart created with amCharts | amCharts
Not only is the unemployment rate near record highs and government policies and economic growth seems helpless to stop or reverse the unemployment trend, the problem is every single year the labour market is flooded with thousands of new job seekers as they leave school or varsity or tertiary studies and start looking for a job. 

The massive unemployment problem is the single biggest issue facing the government and South Africa's economy.

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    • Estimating the Size of the Informal Economy
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    • South Africa's Monetary Fiscal Policy Mix
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    • SA vs the World
    • Budget Day Page (24 Feb 2016)
  • Stock in Focus
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    • Sasol (SOL)
    • Sasol (SOL)_18sep2016
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    • Spar Group (SPP)
    • Shoprite Holdings (SHP)
    • Spur Corporation (SUR)_7Sep2017
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    • Steinhoff International Holdings (SNH)
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