South Africa’s unemployment rate increased to 32.1 by 1.0% on December 2023 from 31.9 in the previous month. On a year on year basis South Africa’s unemployment rate decreased by -1.0%. South Africa’s unemployment rate trend is down since the current value of 32.1 is lower than the 12 month moving average of 33.39. and the 12 month moving average slope is down.South Africa’s unemployment rate 1-year percentile is currently at 92.0 5-year percentile is currently at 13.0%. MacroVar monitors the factors of Momentum, Trend for South Africa unemployment rate.
A detailed analysis can be found here

South Africa’s unemployment rate increased to 32.1 by 1.0% on December 2023 from 31.9 in the previous month. On a year on year basis South Africa’s unemployment rate decreased by -1.0%. South Africa’s unemployment rate trend is down since the current value of 32.1 is lower than the 12 month moving average of 33.39. and the 12 month moving average slope is down.South Africa’s unemployment rate 1-year percentile is currently at 92.0 5-year percentile is currently at 13.0%. MacroVar monitors the factors of Momentum, Trend for South Africa unemployment rate.
A detailed analysis can be found here