South Africa Jobless Rate Drops to 27.1% in Q4


The unemployment rate in South Africa decreased to 27.1 percent in the fourth quarter of 2018 from 27.5 percent in the previous period. The unemployment rate usually falls in the last quarter of the year, due to higher job activity during the festive season. However, a year earlier, the jobless rate was lower at 26.7 percent.

The number of unemployed decreased by 70 thousand to 6.14 million from 6.21 million in the third quarter of 2018. Employment rose by 149 thousand to 16.53 million from 16.38 million in the previous period. Job creation was registered in the formal sector (+92 thousand), private households (+65 thousand), manufacturing (+48 thousand), finance (+109 thousand), mining (+31 thousand), trade (+14 thousand) and in agriculture (+7 thousand).  Meanwhile, cuts ocurred in utilities (-22 thousand), construction (-21 thousand), transport services (-30 thousand), community and social services (-51 thousand) and in the informal sector (-15 thousand).

The labour force force also increased by 79 thousand to 22.67 million from 22.59 million in the previous quarter and those detached from it went up by 70 thousand to 15.47 million from 15.40 million in Q3.

The expanded definition of unemployment, including people who have stopped looking for work, decreased to 37 percent in the fourth quarter of 2018 from 37.3 percent in the third quarter.

By genders, the jobless rate decreased for men (25.1 percent vs 25.9 percent in Q3) but it edged up for women (29.5 percent vs 29.4 percent). Also, the youth unemployment rate climbed to 54.7 percent from 52.8 percent in Q3, hitting the highest level since Q2 2017.

South Africa Jobless Rate Drops to 27.1% in Q4


Statistics South Africa | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
2/12/2019 2:49:28 PM