South Africa's unemployment rate drops to 32.1%, but youth unemployment remains high at 45.5%.

South Africa's unemployment rate fell to 32.1% in the third quarter of 2024, down from 33.5%, with job growth seen in sectors like community services and construction. Despite this improvement, 8 million South Africans remain unemployed, and youth unemployment remains high at 45.5%. Deputy Minister Nonceba Mhlauli credited the Economic Recovery and Reconstruction Plan and Operation Vulindlela for these outcomes. However, opposition parties argue the decrease doesn't reflect substantial economic growth or improved employment quality. They advocate for measures like a basic income grant and stricter township economy regulations to create more jobs.

November 12, 2024
45 Articles