with notable employment gains

South Africa’s official unemployment rate dropped by 1.4% points, 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 decrease follows a rise of 294,000 employed individuals and a drop of 373,000 unemployed persons. However, the non-economically active population also rose, reaching 16.5 million, while the expanded unemployment rate, which includes those who have stopped looking for […]