South Africa Unemployment Rate Marginally Unchanged


South African jobless rate was little changed at 25.4 percent in the third quarter of 2014 from 25.5 percent in the previous period. Yet, the number of people who stopped looking for a job increased 3.9 percent and the labor force participation rate fell 0.2 percent to 57.1 percent.

In the three months to September, quarterly changes reflect an increase in employment (22 000) and a decrease in unemployment (3 000). Increases in employment were observed in both the formal and the informal sectors (88 000 and 28 000 respectively). Employment increased by 16 000 in the Agricultural industry, while a decrease of 110 000 was observed in Private households. The quarterly increase of 137 000 among the not economically active population was driven by an increase in discouraged job-seekers (95 000). 

Compared to a year earlier, employment increased by 81 000, largely due to increases in the formal and the informal sectors that grew by 134 000 and 85 000 jobs respectively in Q3 2014. Declines in employment were observed in both the Private household and the Agricultural industries – shedding 83 000 and 54 000 jobs respectively. The number of unemployed people increased by 271 000, resulting in a 0.9 of a percentage point increase in the unemployment rate. Among the not economically active population, the number of discouraged job-seekers increased by 217 000 while the other not economically active increased by 52 000.

South Africa Unemployment Rate Marginally Unchanged


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
10/30/2014 9:49:36 AM