South Africa Jobless Rate Edges Down to 26.6% in Q2
South Africa's unemployment rate slightly decreased to 26.6 percent in the June quarter of 2016 from 26.7 percent in the three months to March. The number of unemployed fell by 1.6 percent and employment went down 0.8 percent.
The number of unemployed persons slid by 1.6 percent to 5.6 million from 5.7 million in the previous quarter. Meanwhile, not economically active population rose by 2.5 percent to 15.4 million and discouraged work-seekers increased by 3.8 percent to 2.5 million.
Employment went down 0.8 percent quarter-on-quarter to 15.5 million people.The largest losses were reported in mining (-5.1 percent), agriculture (-5 percent), transport (-4.4 percent), community and social services (-3.5 percent). In contrast, jobs were added in manufacturing (+4.1 percent), private househlods (+3.1 percent), construction (+1.9 percent) and utilities (+0.6 percent).
In the second quarter of 2016, the labor force participation rate decreased to 57.9 percent from 58.7 percent in the previous period.
The expanded definition of unemployment, which includes people who have stopped looking for work increased slightly to 36.4 percent from 36.3 percent.
7/28/2016 12:21:41 PM