South Africa Unemployment Rate At 2-Year High in Q2


In the second quarter of 2013, South African unemployment rate increased to 25.6 percent, the highest rate in two years. Between the first and the second quarters of 2013, the labour force increased by 222 000 persons, reflecting a rise in the number of both unemployed persons (122 000) and employed persons (100 000).

In the second quarter, both the formal sector and the informal sector saw an increase in employment (109 000 and 30 000 persons respectively), while employment decreased in agriculture and private households (26 000 and 12 000 persons respectively). 

Between Q1 and Q2, the number of discouraged workseekers increased by 35 000; while that of other (not economically active) persons decreased by 145 000 resulting in a net decrease of 110 000 among the not economically active population. 

Compared to a year ago, in the second quarter, employment increased by 2.0 percent (274 000), while unemployment increased by 5.7 percent (254 000).The number of discouraged work-seekers increased by 2.3 percent (54 000) and other (not economically active) decreased by 1.0 percent (132 000), resulting in a net decrease of 0.5 percent (79 000) in the not economically active population.

South Africa Unemployment Rate At 2-Year High in Q2


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
7/30/2013 10:59:37 AM