South Africa's Unemployment Rate Drops to 32.1% in Q3 2024, But 8 Million Remain Jobless

Statistics South Africa reports a modest decrease in the unemployment rate to 32.1% in the third quarter of 2024, down from 33.5% the previous quarter. While the dip is encouraging, the job market remains challenging, with 8 million people still unemployed nationwide. The data also highlight employment declines across the finance, private households, and manufacturing sectors. This latest report underscores the ongoing need for strategies to address persistently high unemployment and stimulate job creation in critical industries.