As of the end of 2024, South Africa’s labor market is slowly changing, with the unemployment rate dropping slightly to 31.9%. Although 132,000 new jobs were created, about 8 million people are still without work. Young people, aged 15 to 34, are facing tough times, but their unemployment rate improved a bit to 44.6%. Regions like the Western Cape and Gauteng are seeing job gains, especially in finance, while others lag behind. The country’s journey towards a better job market is ongoing, requiring creativity and new ideas to fully tap into its potential.
