Unemployment rate drops

By Drum Digital
10 February 2015

South Africa's official unemployment rate for the fourth quarter of 2014 dropped 1.1 percentage point to 24.3 percent.

South Africa's official unemployment rate for the fourth quarter of 2014 dropped 1.1 percentage point to 24.3 percent, Statistics SA said on Tuesday.

"On a quarter-to-quarter [basis] there has been a decline in the levels of people who are unemployed," deputy director general for population and social statistics, Kefiloe Masiteng, told reporters in Pretoria.

A total of 242,000 people found work in the fourth quarter last year. A total of 4.9m people were officially unemployed.

The official unemployment rate is made up of those who are jobless, but actively looking for work.

The expanded unemployment rate, which includes people who have given up looking for a job, was 34.6 percent, or 8.1m people.

Source : Sapa

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