Eastern Cape unemployment rate drops in third quarter

OCTOBER 30, 2014

The unemployment rate in the Eastern Cape in the third quarter of this year declined marginally from 30.4% to 29.5% quarter-on-quarter (q/q) and by the same percentage year-on-year (y/y) according to figures released this morning by StatsSA.

In numerical terms, the number of un-employed in the province dropped from 592 000 to 576 000.

The number of “discouraged work seekers,” those who have given up trying to find employment, dropped from 442 000 to 422 000 between the second and third quarters.

The figures show that between the second and third quarters the manufacturing sector in the Eastern Cape shed 12 000 jobs, dropping to 130 000, which is 26 000 fewer than in the third quarter of last year, a decline of 16.3%.

While the construction sector lost 5 000 jobs quarter-on-quarter, the number of people employed in the third quarter remained the same at 149 000 as in the third quarter of 2013.

In the third quarter, the Eastern Cape had the fourth highest number of people employed in the construction sector behind Gauteng (364 000), KwaZulu-Natal (241 000) and Western Cape (169 000).

There were significant employment gains in the trade sector with 299 000 people employed in the Eastern Cape in the third quarter. This is an increase of 39 000 or 15.1% (q/q) and 19 000 or 6.6% y/y.

The agricultural sector in the Eastern Cape employed 15 000 more people in the third quarter than was the case in 2013 with a steep rise in employment of 17 000 to 88 000 between the second and third quarters.

While the number employed in the com-munity and social services sector declined by 8 000 q/q, some 63 000 more people are employed in the sector than was the case in the third quarter of last year.

Growth in employment was also witnessed in the transport sector with 7 000 more employed q/q and 22 000 y/y taking the total to 85 000.

The number of people employed by private households, however, declined by 10 000 q/q and 3 000 y/y. - metrominutes