IMPROVING LIVES THROUGH DATA ECOSYSTEMS

Statistics South Africa today, released the results of the Quarterly Labour Force Survey (QLFS) for Q3: 2022. These results indicate that 204 000 jobs were gained between the second quarter of 2022 and the third quarter of 2022. The total number of persons employed was 15,8 million in the third quarter of 2022.

The number of unemployed persons decreased by 269 000 to 7,7 million and discouraged work-seekers also decreased by 54 000 to 3,5 million in the third quarter of 2022 compared to the previous quarter. The number of people who were not economically active for reasons other than discouragement increased by 264 000 between the two quarters resulting in a net increase of 210 000 in the not economically active population.

The above changes in employment and unemployment resulted in the official unemployment rate decreasing by 1,0 percentage point from 33,9% in the second quarter of 2022 to 32,9% in the third quarter of 2022. The unemployment rate according to the expanded definition of unemployment also decreased by 1,0 percentage point to 43,1% in Q3:2022 compared to Q2:2022.

The following industries Manufacturing (123 000), Trade (82 000), Construction (46 000) and Transport (33 000) recorded the largest job gains, while job losses were recorded in Finance (80 000), Private households (36 000) and Mining and Agriculture (1 000) each. Sectors that recorded job increases were the formal and informal with 235 000 and 6000 respectively.