South Africa Unemployment Rate Falls in Q2


The jobless rate in South Africa decreased to 25 percent in the second quarter of 2015 from a ten-year high of 26.4 percent in the previous period, as more stopped looking for a job and employment went up 1.3 percent.

The number of unemployed persons fell 5.5 percent to 5.23 million in the three months to June from 5.35 million in the previous quarter. Yet, there were 2.43 million discouraged work-seekers (1.6 percent more than in Q1) and 15 million people detached from the labour force (1.8 percent more than in Q1). 

Employment rose 1.3 percent quarter-on-quarter to 15.66 million people. The largest gains were observed in community and social services (98 000), construction (79 000) and trade (73 000). In contrast, job losses were recorded in finance, manufacturing and agriculture (31 000, 23 000 and 22 000 respectively). The non-agricultural formal sector gained 39 thousand jobs while employment in the informal sector increased for the fifth consecutive quarter by 177 thousand. 

In the second quarter of 2015, the labour force participation rate decreased to 58.1 percent from 58.6 percent in the previous period. 

The expanded definition of unemployment, which includes people who have stopped looking for work slowed to 34.9 percent from 36.1 percent.

South Africa Unemployment Rate Falls in Q2


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
7/29/2015 12:57:38 PM