Unemployment rate drops to 32.1%, but structural issues persist
South Africa's official unemployment rate has dropped by 1.4 percentage points, moving from 33.5% in the second quarter to 32.1% in the third quarter of 2024, according to Statistics SA's Quarterly Labour Force Survey. This decline reflects an increase of 294,000 employed individuals and a decrease of 373,000 unemployed persons. Independent Economic Analyst Professor Bonke Dumisa welcomed the improvement but emphasized its limited impact. "While the 1.4% decrease is […]