Unemployment rate virtually unchanged – Stats SA

2010-02-09 12:16

THE unemployment rate remained “virtually unchanged” at 24.3% for

the fourth quarter of last year, Statistics SA has said.

South Africa’s jobless rate in the third quarter of 2009 was

24.5%.

“The fourth quarter showed a possible end to the deterioration in

the labour market rather than a recovery,” Kefiloe Masiteng, deputy

director-general at Stats SA, said in Pretoria today.

In the fourth quarter, 89?000 jobs had been created.

“This shows signs of stability but it must be remembered that the

89?000 jobs created were mostly in the informal sector and in elementary

occupations.”

Masiteng said the year-on-year picture, however, showed a loss of

870?000 jobs.

“Job losses were widespread and affected most industries,” she

said.

Year-on-year, unemployed increased by 292?000 and discouraged work

seekers increased by 518?000.

Masiteng said fourth quarter rates remained virtually unchanged

when compared to the third quarter as the employment rate moved from 75.5% to

75.7%.

The absorption rate moved from 41.3% to 41.5% while the labour

force participation rate stayed the same at 54.8%.

The inactivity rate remained unchanged at 45.2%, Masiteng said.

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