South Africa Unemployment Rate Falls in Q4 2013

In the last quarter of 2013, South African jobless rate slowed for the second straight quarter to 24.1 percent, from a revised 24.5 percent in the previous period. The expanded definition of unemployment, including people who stopped looking for work, was recorded at 34 percent.

From Q3 2013 to Q4 2013, the number of unemployed persons decreased by 50 000 over the period. Over the same period, discouraged job-seekers declined by 97 000, while the other (not economically active group) increased by 159 000, resulting in an increase of 63 000 in the not economically active group as a whole. 

In the same period, employment increased by 141 000, largely due to an increase of 123 000 in the informal sector and 64 000 jobs in the formal sector. Both the Agricultural and Private Households industries shed jobs (by 27 000 and 20 000 respectively). The highest employment gains quarter-to-quarter were observed in the Community and social services, Construction, and Trade industries. Job losses were observed in five industries, and of these, the Agriculture, Finance and other business services, and Private households industries shed most jobs (27 000, 23 000 and 20 000, respectively). 

Regionally, the highest employment gains were observed in the Western Cape, Eastern Cape and North West. KwaZulu-Natal was the only province that experienced job losses (of 42 000) in Q4 2013.  

South Africa Unemployment Rate Falls in Q4 2013

Statistics South Africa | Joana Taborda |
2/11/2014 10:04:06 AM