KZN’s unemployment rate increases
Written by Lethiwe Mdluli on 13 February, 2019
By: Lethiwe Mdluli
KwaZulu Natal and the Eastern Cape have recorded an increase in the rate of people who are unemployed.
Statistics South Africa released their Quarterly Labour Force Survey for the fourth quarter of 2018, which showed that unemployment in KZN increased by 2,6% while the Eastern Cape was up by 0,5%.
The unemployment rate has decreased in the country overall by 0,4% to 27,1%.
Announcing the results, this is what Stats SA had to say.
“The largest increase that we have observed was within the finance and other business service industries that created 109 000 jobs, however some industries lost jobs. The biggest decrease that we observed was in the Community and Social services which recorded a loss of 51 000 jobs while the formal sector contributed 92 000 jobs however the informal sector shed 15 000 jobs,” said Stats SA.