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SA unemployment rate down

By Faeza
25 February 2016

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The country’s unemployment rate declined by a percentage point in the fourth quarter of 2015, to 24.5% of the population.

According to the Quarterly Labour Force Survey, the working-age population was 36.3 million, of whom 16 million were employed, 5.2 million unemployed and 15.1 million not economically active.

Almost 66% of the unemployed were people between the ages of 15 and 34. Over half (57.6%) did not complete matric.

Year-on-year, the official unemployment rate increased by 0.2 percent of a percentage point.

Statistician General Pali Lehohla said on Thursday that the largest share of employment in the last quarter was in finance and other business sectors, trade, and community and social services.

Job losses were recorded in agriculture (37 000), manufacturing (36 000) and construction (21 000).

Fin24 has more details.