Stats SA reveals unemployment rate at 29.1%: Level remains unchanged

Stats SA reveals unemployment rate at 29.1%: Level remains unchanged

- The results of the Quarterly Labour Force Survey have been released by the government

- The report noted that the unemployment rate has remained unchanged at 29.1%

- Briefly.co.za explores some of the statistics from this latest report

PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly.co.za News on your News Feed!

Statistics SA has released its Quarterly Labour Force Survey, revealing that the official unemployment rate has remained unchanged.

In a statement released with the report, the department noted that no tangible changes were seen in the statistics:

"The results of the Quarterly Labour Force Survey (QLFS) for the fourth quarter of 2019 indicate that the official unemployment rate remained unchanged (29,1%) compared to the third quarter of 2019. The results further indicate that the number of employed persons increased by 45 000 to 16,4 million and the number of unemployed persons decreased by 8 000 to 6,7 million in Q4: 2019 compared to Q3: 2019, resulting in an increase of 38 000 in the labour force."

The nation's working-age population increased by 145 000 in the past quarter, with the number of discouraged work-seekers increasing by 62 000. Citizens who were not active in the labour market increased by 45 000.

READ ALSO: Ndlozi steps down as EFF spokesperson: New head of political education

This entailed an increase of 107 000 in the number of South Africans who are not economically active, Briefly.co.za gathered.

The formal employment sector recorded the largest increase in employment (117 000) followed by Agriculture (6 000).

Employment in the informal sector slumped by 77 000 and remained the same in private households.

The 45 000 increase in the number of citizens in employment was largely driven by the community and social services sector (113 000), finance (76 000) and transport (36 000).

Trade (159 000), manufacturing (39 000) and utilities (14 000) all recorded declines in employment during the same period.

Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!

Source: Briefly.co.za

Mailfire view pixel