{"id":72078,"date":"2014-10-30T12:00:04","date_gmt":"2014-10-30T10:00:04","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=72078"},"modified":"2014-10-30T12:00:04","modified_gmt":"2014-10-30T10:00:04","slug":"employment-boost-for-sa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/72078\/employment-boost-for-sa\/","title":{"rendered":"Employment boost for SA"},"content":{"rendered":"

Employment increased by 22,000 between Q2:2014 and Q3:2014 in South Africa, while unemployment decreased marginally by 3,000 resulting in an increase of 19\u00a0000 persons in the labour force.<\/p>\n

This is according to a new quarterly report from Statistics South Africa (Stats SA).<\/p>\n

The unemployment rate declined by 0.1 of a percentage point to 25.4%, with the country’s labour force at 20.3 million, with 15.1 million employed, and 5.2 million without work.<\/p>\n

The expanded unemployment rate which relaxes the requirement of job search to be classified as unemployed increased by 0.2 of percentage point to 35,8% in the third quarter of 2014.<\/p>\n

Job gains were recorded in both the formal (88,000) and informal (28,000) sectors between the second and third quarter, Stats SA said.<\/p>\n

Large gains in the formal sector were observed in the Construction (66,000), Trade (48,000) and Mining (23,000) industries.<\/p>\n

In the informal sector, the largest gains in employment were observed in the Construction (33,000), Manufacturing (14,000) and Transport (10,000) industries over this period.<\/p>\n

Employment declines were observed in the Transport (-25,000), Community and social services (-22,000) and Manufacturing (-18,000) industries.<\/p>\n

Since the decline in employment to its lowest level in Q3: 2010 (13.6\u00a0 million) 1.5 million jobs have been created of which 1.4 million were in the formal sector.<\/p>\n

A year-on-year increase of 351,000 in the labour force is the result of an increase in both employment and unemployment by 81,000 and 271,000 respectively, Stats SA said.<\/p>\n

In the 3rd<\/sup> quarter of 2014, the number of unemployed persons declined to 5.2 million. On an annual basis the number of unemployed increased by 271,000.<\/p>\n

Compared to the second quarter of 2014, the unemployment rate declined in four of the nine province and increased in the North West (0.8 of a percentage point), KwaZulu-Natal (0.4 of a percentage point) and the Western Cape (0.1 of a percentage point).<\/p>\n

More on employment in SA<\/h3>\n

Uncovering SA employment by race<\/strong><\/a><\/p>\n

Employment: what\u2019s love got to do with it?<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Employment increased by 22,000 between Q2:2014 and Q3:2014 in South Africa, while unemployment decreased marginally by 3,000 resulting in an increase of 19\u00a0000 persons in the labour force. This is according to a new quarterly report from Statistics South Africa (Stats SA). The unemployment rate declined by 0.1 of a percentage point to 25.4%, with<\/p>\n","protected":false},"author":10,"featured_media":61193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,5769],"class_list":["post-72078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-statssa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/72078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=72078"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/72078\/revisions"}],"predecessor-version":[{"id":72088,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/72078\/revisions\/72088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/61193"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=72078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=72078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=72078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}