Un­em­ploy­ment rate de­clines in Prov­ince

Diamond Fields Advertiser - - NEWS - NORMA WILDENBOER STAFF RE­PORTER

IN A GLIM­MER of good news, the un­em­ploy­ment rate in the North­ern Cape has de­creased by 1.9% – the largest de­cline recorded in the coun­try.

Ac­cord­ing to Stats SA’s Quar­terly Labour Force Sur­vey for the third quar­ter of this year (July to Septem­ber), the un­em­ploy­ment rate in the North­ern Cape dropped from 28.9% in the sec­ond quar­ter of this year (April to June) to 27% in the last quar­ter.

Year-on-year, the un­em­ploy­ment rate in the Prov­ince dropped by 2.9% from 29.9%.

Na­tion­ally the of­fi­cial un­em­ploy­ment rate in­creased by 0.3% in the third quar­ter of 2018 com­pared to the sec­ond quar­ter of this year.

“The rate de­creased in five of the nine prov­inces. The largest de­clines were recorded in the North­ern Cape (down by 1.9 per­cent­age points), Mpumalanga (down by 0.7 of a per­cent­age point) and Lim­popo (down by 0.4 of a per­cent­age point). The un­em­ploy­ment rate in­creased in four prov­inces,” Stats SA said in state­ment is­sued yes­ter­day.

“Year-on-year, the of­fi­cial un­em­ploy­ment rate de­clined by 0.2 of a per­cent­age point. The largest de­cline was recorded in the North­ern Cape at

2.9 per­cent­age points, fol­lowed by KwaZulu-Natal (1.6 per­cent­age points) and Western Cape (1.5 per­cent­age points).”

The ex­panded un­em­ploy­ment rate in the North­ern Cape in the third quar­ter of this year was 40.1%, drop­ping by 2.3% quar­ter-to-quar­ter and 3% year-on-year.

A to­tal of 323 000 peo­ple are cur­rently em­ployed in the Prov­ince (up from 307 000 in the third quar­ter of 2017 and 317 000 in the sec­ond quar­ter of this year).

The to­tal of un­em­ployed is cur­rently 120 000, while 354 000 are not eco­nom­i­cally ac­tive and 63

000 are dis­cour­aged work-seek­ers. This puts the un­em­ploy­ment rate in the Prov­ince at 27%, the ab­sorp­tion rate is 40.5%, and the labour force par­tic­i­pa­tion rate is 55.5%.

The sur­vey in­di­cated that dur­ing the 2018 third quar­ter, in the North­ern Cape 226 000 peo­ple were em­ployed in the for­mal sec­tor (non-agri­cul­tura), a rise from 208 000 in the third quar­ter of 2017; 27 000 in the in­for­mal sec­tor (non-agri­cul­tural), a drop from 33 000 dur­ing the third quar­ter of 2017; 42 000 in the agri­cul­tural sec­tor, a rise from 39 000 dur­ing the third quar­ter of 2017; and 27 000 em­ployed in pri­vate house­holds, a drop from 28 000 dur­ing 2017’s third quar­ter.

In the Prov­ince, 6 000 peo­ple are cur­rently (dur­ing the third quar­ter of 2018) em­ployed in the util­i­ties sec­tor (a rise from 5 000 in the sec­ond quar­ter – April to June 2018); 25 000 in con­struc­tion (from 24 000 in the sec­ond quar­ter); 50 000 in trade (equal to the sec­ond quar­ter); 14 000 in trans­port (from 11 000 in the sec­ond quar­ter); 22 000 in fi­nance (a de­cline from 24 000 in the sec­ond quar­ter); 100 000 in com­mu­nity and so­cial ser­vices (a de­cline from 105 000 in the sec­ond quar­ter); 42 000 in agri­cul­ture (a de­cline from 44 000 in the sec­ond quar­ter);

23 000 in min­ing (equal to the sec­ond quar­ter); 13 000 in man­u­fac­tur­ing (an in­crease from 11 000 in the sec­ond quar­ter); and 27 000 in pri­vate house­holds (an in­crease from 20 000 dur­ing the sec­ond quar­ter).

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