Unemployment Rate (%)

The unemployment rate announced by Statistics South Africa is the number of unemployed employees divided by total. civilian workforce. This is a heraldic indicator for the South African economy. If the unemployment rate rises, it shows that the South African labor market is not expanding. As a result, an increase in unemployment leads to a weakening of the economy. Usually, the falling unemployment rate is considered positive (bullish) for the rand, while the rising unemployment rate is considered a negative signal (or a bearish trend).