Decrease in unemployment rate in Q4 2018

18 Feb 2019

workThe Quarterly Labour Force Survey released by Statistics South Africa (StatsSA) has shown that South Africa’s unemployment rate dropped by 0.4 percentage points from 27.5% in the third quarter in 2018 to 27.1% in the final quarter.

Mail & Guardian reports that the survey, which was released last Tuesday, is conducted on a quarterly basis and observes changes in the labour force.

Stats SA revealed there are 38.1 million people of working age (15-64) in the country – 16.5 million of which are employed, 6.1 million are unemployed and 12.6 million are not economically active due to a variety of reasons, such as feeling unmotivated to keep job hunting following several unsuccessful attempts.

The 16.5 million people employed marks an increase of 149,000 rom the third quarter. The Western Cape, Gauteng and Free State saw the largest employment increases – while the Eastern Cape and North West witnessed the largest amount of job losses.

The finance, private household and manufacturing sectors boasted the largest employment increases. On the other hand, the social services, transport, utilities and construction sectors recorded the largest losses.