PRETORIA, Feb 21 (NNN-SANEWS) — The Quarterly Labour Force Survey (QLFS) results for the fourth quarter of 2023 by Statistics South Africa (Stats SA) indicate that the number of employed persons decreased by 22,000 to 16.7 million in the fourth quarter of 2023 when compared to the third quarter.
Addressing a media briefing in Pretoria, Statistician-General Risenga Maluleke said the number of unemployed persons increased by 46,000 to 7.9 million compared to quarter three.
“Additionally, the number of people who were not economically active for reasons other than discouragement increased by 218,000 to 13.4 million, while discouraged work-seekers decreased by 107,000 in the fourth quarter of 2023 compared to the third quarter of 2023. This resulted in a net increase of 111,000 in the not economically active population.
“The above changes in employment and unemployment resulted in the official unemployment rate increasing by 0.2 of a percentage point from 31.9% in the third quarter of 2023 to 32.1% in the fourth quarter of 2023.
“The unemployment rate according to the expanded definition decreased by 0.1 of a percentage point to 41.1% in Q4: 2023 compared to Q3: 2023,” Maluleke said.
Formal sector employment decreased by 128,000 in Q4: 2023, while informal sector employment increased by 124,000 over the same period.
The industries that contributed to the net employment decline include community and social services (down by 171,000), construction (down by 36,000), agriculture (down by 35,000), trade (down by 28,000) and manufacturing (down by 1,000).
However, finance (up by 128,000), transport (up by 57,000), mining (up by 37,000) and private households (up by 18,000) recorded the largest employment gains.
“Provincially, employment losses were recorded in Eastern Cape (111,000), Limpopo (40,000), North West (30,000) and Northern Cape (2,000). The largest employment increase was recorded in KwaZulu-Natal (62,000), followed by Mpumalanga (48,000) and Western Cape (23,000) during the same period.
“The youth (15–34 years) remain vulnerable in the labour market; the fourth quarter of 2023 results show that the total number of unemployed youth increased by 87,000 to 4.7 million while there was a decrease of 97,000 in the number of employed youth to 5.9 million. This resulted in an increase in the youth unemployment rate by 0.9 of a percentage point from 43.4% in Q3: 2023 to 44.3% in Q4: 2023,” he said. — NNN-SANEWS
