Share

Jobless rate eases to 24.3%

Johannesburg - South Africa's official unemployment rate for the fourth quarter of 2014 dropped 1.1 percentage point to 24.3%, Statistics SA said on Tuesday.

"On a quarter-to-quarter [basis] there has been a decline in the levels of people who are unemployed," deputy director general for population and social statistics, Kefiloe Masiteng, told reporters in Pretoria.

A total of 242 000 people found work in the fourth quarter last year. A total of 4.9m people were officially unemployed.

The official unemployment rate is made up of those who are jobless, but actively looking for work.

The expanded unemployment rate, which includes people who have given up looking for a job, was 34.6%, or 8.1m people.

In 2008, the official unemployment rate was 23.2%, while the expanded rate was 30.9%.

In 2011, the official rate was 25.6%, with the expanded unemployment rate 36.3%, which Masiteng said showed there had been an increase in discouraged job seekers.

The lowest official employment rate was in KwaZulu-Natal (20.8%), and Limpopo (15.9%), while the highest was in the Free State (32.2%) and Eastern Cape (29.1%).

Labour force

However, the expanded unemployment rate sees the Western Cape (24.5%) and Gauteng (29.6%) with the lowest number of unemployed among the provinces.

Both provinces also have the highest labour absorption rate, with Gauteng at 51.8% and the Western Cape at 51.4%.

The labour absorption rate is the proportion of the working-age population that is employed.

"Gauteng and the Western Cape have the highest absorption rates and among the lowest unemployment rates," said Masiteng.

"In contrast, the low unemployment rates in Limpopo and KwaZulu-Natal mask high discouragement."

Overall, South Africa's working age population, between the ages of 15 and 64, numbers 35.6 million. The labour force totals 20.2 million.

The industries which added the most jobs quarter-on-quarter were agriculture (56 000), construction (53 000), and trade (50 000).

Year-on-year, construction (130 000), services (31 000), and agriculture (28 000) saw the largest increases in employment.

A total of 3.5 million people were employed in the services industry, 3.2 million in the trade industry and 2.03 million in the finance industry, making up 57.3% of total employment in South Africa.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.14
+0.3%
Rand - Pound
23.81
-0.4%
Rand - Euro
20.46
-0.1%
Rand - Aus dollar
12.39
-0.1%
Rand - Yen
0.12
+0.3%
Platinum
922.80
-0.9%
Palladium
1,027.00
+1.1%
Gold
2,315.81
-0.5%
Silver
27.09
-0.3%
Brent Crude
87.00
-0.3%
Top 40
68,051
+0.8%
All Share
74,011
+0.6%
Resource 10
59,613
-2.2%
Industrial 25
102,806
+1.7%
Financial 15
15,897
+1.8%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders