S.Africa's unemployment up 0.3% in Q2 - CNBC Africa

S.Africa's unemployment up 0.3% in Q2

Southern Africa

by Trust Matsilele 0

The unemployment figure went up by 0.3 per cent in Q2 according to the QLFS. PHOTO: whoswho

According to the Quarterly Labour Force Survey (QLFS), the second quarter saw the number of unemployed people surge by 87,000.

(READ MORE: S.Africa's youth hardest hit by unemployment)

The QLFS is a household-based sample survey conducted by Statistics South Africa (Stats SA). It collects data on the labour market activities of individuals aged 15 years and above, who live in South Africa.

Stats SA indicated that recent estimates bring the number of unemployed people to 5.2 million, the highest level since the inception of the QLFS in 2008.

“This resulted in an increase in the unemployment rate to 25.5 per cent, up by 0.3 of a percentage point, while the absorption rate remained virtually unchanged,” StatsSA said.

(READ MORE: S.Africa's unemployment rate rises to 25.6 per cent in Q2 2013)

“In the second quarter of 2014, the number of discouraged job-seekers increased by 64,000, while the not economically active group decreased by 35,000. This resulted in a net increase of 29,000 in the not economically active group as a whole compared to the first quarter.”

Statistics reveal that the overall number of employed people increased by 39,000 in the second quarter, mainly due to large increases observed in the community and social services, private households and transport industries.

The number of people employed declined in seven of the ten industries.

According to the survey, the second quarter also saw employment numbers increase in six of the nine provinces.

“The largest increase was observed in Limpopo, followed by the Eastern Cape and the Free State. During the same period, the number of employed people declined in KwaZulu-Natal, the Western Cape and the Northern Cape.”