UNEMPLOYMENT RATE IN S.AFRICA
Employment Details Sept-Dec 2012 Jan-April 2013
Employable age 15-64 15-64
Unemployment % 24.9 25.2
Number of discouraged work seekers 73 000 2 300 000
% Increase of discouraged work seekers 36.7
Employment 14 000 000 13 6000 000
Employment % 44.7 41
Formal sector % decrease 0.3
Informal sector % decrease 0.6
The retail and wholesale trade job losses 66 000
DESCRIPTION OR DATA ANALYSIS
Stats SA’s official definition of unemployment is someone aged between 15 and 64 and without work in the week preceding the interview, but who looks for work and is available to take up employment or open a business. This took the country’s official unemployment to 25.2 % from 24.9 % in the fourth quarter of 2012, Stats SA said in its Quarterly Labour Force Survey (QLFS). The number of discouraged work seekers increased by 73,000 to 2.3m between the fourth quarter of 2012 and the first quarter of 2013. In the expanded definition of unemployment, which includes people who have stopped looking for work, the rate was 36.7 percent in the first quarter of 2013, the highest since 2008. The retail and wholesale trade sector lost 66 000 jobs between the fourth quarter of 2012 and the first quarter of 2013. The formal sector contracted by 0.3 percent (25 000 jobs) and the informal sectors by and 0.6 percent (13 000 jobs) between the fourth quarter of 2012 and the first quarter of 2013. The proportion of employed people in the working age population (absorption rate) decreased from 44.7 percent in the first quarter of 2008 to 41 percent in the first quarter of 2013.
Migress Ngumuya (Monash University South Africa)