Unemployment rate declines in Province
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).