Unemployment virtually unchanged, says Stats SA

2010-10-26 11:02

The unemployment rate for the third quarter of 2010 was virtually unchanged at 25.3%, Statistics SA said today.

The results showed employment contracted by 0.7%, or 86 000 jobs, between the second and third quarters of 2010.

The number of discouraged work seekers increased 4.9%or 95 000 people, the Pretoria-based agency said in its Quarterly Labour Force Survey for the third quarter of 2010.

Formal sector employment contracted by 0.5%, or 45 000 jobs, and informal sector employment dropped by 0.6%, or 14 000 jobs. Employment in agriculture went up by 1.6%, or 10 000 jobs, and employment in private households declined by 3.3%, or 38 000 jobs.

“The loss of jobs in the formal sector was observed mainly in establishments that employ less than 50 people.”

Job losses in the formal sector quarter on quarter were driven mainly by finance and other business services where employment decreased by 5.7%, or 89 000 jobs.

However, job gains were seen in trade, where employment rose by 34 000 jobs (1.8%), while jobs in construction rose by 30 000 (4.1%) and manufacturing saw jobs increase by 22 000 (1.5%).

Statistics SA said the expanded unemployment rate in the third quarter of 2010 went up by 0.8 of a percentage point from 35.8%to 36.6%. The year-on-year picture showed that employment contracted by 1.2%, or 158 000 jobs.

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