What is the current unemployment rate in South Africa 2020?

28.74%
In 2020, the unemployment rate in South Africa was around 28.74 percent….South Africa: Unemployment rate from 1999 to 2020.

Which race has the highest unemployment rate in 2020?

U.S. Table 2 shows the U.S. unemployment rate by race, gender, and age from June 2020 to June 2021. On average, Black teens ages 16 to 19 had the highest unemployment rate over the 13-month period, at 19.4%, while white men over 20 had the lowest, at 6.1%.

Why is South Africa’s unemployment rate so high?

Statistics South Africa (Stats SA) released the Quarterly Labour Force Survey (QLFS) on Tuesday, which showed that the increasing unemployment rate is due to more people joining the labour force, as economists expected. According to Stats SA, one million more people joined the labour force.

How bad is unemployment in South Africa?

South Africa has a very high unemployment rate of 29.1%. The national average belies the deepness of unemployment in certain parts of the country. In some communities, it is as high as 60%.

Why does South Africa have a high unemployment rate?

“South Africa’s high rate of [total] unemployment is largely due to a combination of the structural legacies of the country’s Apartheid period and very poor educational outcomes, which leave many young people unprepared for the labor market,” noted Ashbourne.

What is the current unemployment rate in South Africa?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. South Africa unemployment rate for 2019 was 28.18%, a 1.26% increase from 2018. South Africa unemployment rate for 2018 was 26.92%, a 0.15% decline from 2017.

What are some of the reasons for unemployment in South Africa?

Poor Educational Level.

What is the current inflation rate in South Africa?

South Africa inflation rate for 2019 was 4.12% , a 0.38% decline from 2018. South Africa inflation