The official unemployment rate declined further to 32.9% in the third quarter of 2022, from 33.9% in the second, Statistics SA reported on Tuesday. Unemployment hit a record high of 35.3% in the fourth quarter of 2021. The Quarterly Labour Force Survey shows that 204 000 jobs were gained between the second and third quarter of 2022. The largest job gains were in manufacturing (+123 000), trade (+82 000), construction (+46 000) and transport (+33 000). Job losses were however recorded in the finance sector (-80 000), private households (-36 000) and mining and agriculture (-1 000) each. The expanded unemployment rate - which includes discouraged job seekers who have given up looking for work - decreased to 43.1% from 44.1% in the second quarter. The QLFS has faced some scrutiny in recent months, amid growing concern about the reliability of SA’s employment data.
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