South Africa Unemployment Rate Down to 24.7% in Q3


In the third quarter of 2013, South African jobless rate decreased to 24.7 percent, the lowest value in almost two years. The number of people without work went down to 4.66 million, down from 4.72 million in the previous three months.

Between the second and the third quarter of 2013, the number of employed persons increased by 308 000 while the number of unemployed persons decreased by 114 000. This resulted in a rise of 194 000 in the labour force. The formal sector and private households contributed positively to the increase in employment (up by 314 000 and 39 000 respectively). In contrast, there was a decline in employment in the informal sector (down by 39 000) and in Agriculture (down by 6 000). The not economically active population decreased by 82 000 persons, largely as a result of the decline in discouraged work-seekers (down by 125 000) while the remainder of the not economically active group increased by 43 000. 

Compared to a year ago, in the September quarter of 2013, employment increased by 2.8 percent (383 000), and unemployment decreased by 1.2 percent (58 000). The number of discouraged work-seekers rose by 3.2 percent (70 000) and other (not economically active) increased by 0.4 percent (51 000), resulting in a net increase of 0.8 percent (121 000) in the not economically active population.

South Africa Unemployment Rate Down to 24.7% in Q3


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
10/29/2013 9:44:04 AM