Youth Unemployment Rate In South Africa 2024. This comes as the unemployment rate of university graduates has risen from 9.7% in the second quarter of 2024 to 9.8% in the third quarter. Youth unemployment rate in south africa averaged 56.23 percent from 2013 until 2024, reaching an all time high of 66.50 percent in the third quarter of 2021 and a record low of 48.80 percent in the fourth quarter of 2014.
Discouraged work seekers are included in the unemployment rate to calculate the expanded unemployment rate, which is 41.9% for the july to september 2024 quarter. South africa’s official unemployment rate increased from 32.9% in the first quarter of this year to 33.5% in the second quarter.
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