South Africa’s unemployment rate displayed signs of improvement during the third quarter. From July to September, the rate witnessed a decrease of 1.4 percentage points, bringing it down to 32.1%. Dihlolelo Phoshoko, a representative from Stats SA, shared the QLFS Q3: 2024 results, indicating an increase in the number of employed persons totaling 294,000, a figure that brought the total to 16.9 million in Q3: 2024. Conversely, the number of unemployed individuals fell by 373,000, clocking in at 8 million.

Phoshoko noted that the net result was a decrease of 79,000 individuals in the labour force, indicating a drop of 0.3%. Additionally, employment figures experienced a boost in the formal sector with an increase of 122,000 jobs in Q3: 2024. The informal sector saw a similar rise, with 165,000 jobs added during the same period.

Employment growth was seen primarily in community and social services (194,000), Construction (176,000), and Trade (109,000). Conversely, Finance (189,000), Private households (32,000), Manufacturing (20,000), and Transport (18,000) sectors saw a decrease in their employment figures.

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