Statistics South Africa has released the unemployment rate for the second quarter of 2023, which declined slightly to 32.6% from 32.9% in the first quarter.
[ ] The official #unemployment rate has decreased by 0,3 of a percentage point to 32,6% in Q2:2023. #StatsSA pic.twitter.com/hnNRQn5eqn
— Stats SA (@StatsSA) August 15, 2023
The number of unemployed people also declined slightly, coming in at 7 921 000.
According to an expanded definition of unemployment that includes those discouraged from seeking work, 42.1% of the labour force was without work in the second quarter, compared with 42.4% in the first quarter.
Graduate unemployment:
Graduate #unemployment rate decreased by 1,0 percentage points to 9,6% in Q2:2023 compared to 10,6% in Q1:2023.
Read more here: https://t.co/UnWMYe06JG#StatsSA pic.twitter.com/MN0MIW0uZh
— Stats SA (@StatsSA) August 15, 2023
Youth accounting for highest unemployment rate:
Youth aged 15-24 years and 25-34 years recorded the highest #unemployment rates of 60,7% and 39,8% respectively.
Read more here: https://t.co/UnWMYe06JG#StatsSA pic.twitter.com/6IrAvQBusa
— Stats SA (@StatsSA) August 15, 2023
