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• Create Date November 12, 2024
• Last Updated November 12, 2024

Construction Labour Force 2008 - 2024Q3

South Africa’s Unemployment Rate Falls to 32.1% in Q3 2024 Amid Broad-Based Gains, Led by Construction Sector Growth

Executive Summary

In the third quarter of 2024, South Africa’s unemployment rate decreased to 32.1%, showing improvement across most provinces and sectors. The construction industry contributed significantly to employment gains, driven by robust activity in both formal and informal sectors during the 3rd quarter of 2024. Notable regional variances emerged, with the Western Cape recording the lowest unemployment rate and the Eastern Cape showing the highest, although it saw a reduction from previous quarters. With public sector tenders and a favorable interest rate environment expected to sustain demand in the construction sector, further employment growth is anticipated.

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