South Africa Unemployment Rate Rises in Q2


South African jobless rate increased for the second straight quarter to 25.5 percent in the three months to June, up from 25.2 percent in the preceding period. The number of unemployed persons increased to its highest level since 2008.

Between the first and the second quarter of 2014, the number of unemployed persons increased by 87 000 to 5.2 million, the highest level since the inception of the Quarterly Labor Force Survey in 2008. The number of discouraged job-seekers increased by 64 000, while the other (not economically active group) decreased by 35 000, resulting in net increase of 29 000 in the not economically active group.

Employment increased by 39 000, largely due to an increase of 60 000 jobs in private households and 43 000 jobs in the informal sector. The agriculture sector lost 39 thousand jobs while employment in manufacturing fell by 60 thousand. 

Compared with a year earlier, the number of unemployed people increased by 182 000 in the second quarter of 2014. Among the not economically active population, the number of discouraged job-seekers decreased by 6 000, while the other (not economically active group) increased by 41 000.

Employment increased by 403 000, largely due to increases in community and social services, trade and private households (265 000, 92 000 and 75 000 respectively). Major job losses were observed in manufacturing (93 000) and agriculture (73 000). 

South Africa Unemployment Rate Rises in Q2


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
7/29/2014 12:22:00 PM