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FX.co ★ South Africa's Unemployment Rate Increases to 32.9% in Q1 2025

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typeContent_19130:::2025-05-13T09:30:00

South Africa's Unemployment Rate Increases to 32.9% in Q1 2025

In the first quarter of 2025, South Africa witnessed a worrisome rise in its unemployment rate, which has now reached 32.9%. This marks an increase from the previous figure of 31.9% recorded in the fourth quarter of 2024, highlighting ongoing economic challenges within the nation.

The updated data, released on May 13, 2025, underscore the persistent issues within South Africa's labor market, as policymakers strive to curtail the upward trend in unemployment. The rising unemployment rate, now a full percentage point higher than the previous quarter, suggests that the government and related stakeholders may need to enhance their efforts to stimulate job creation and support economic recovery.

These figures arrive amid global and local economic uncertainties, necessitating a robust response to prevent further escalation and foster sustainable growth within the job market in upcoming quarters.

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