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Unemployment decreases in fourth quarter |
Posted by: Newsroom - 10-02-2015, 04:36 PM - Forum: Your Employment and Recruitment
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South Africa’s unemployment rate decreased from 25.4% in the third quarter to 24.3% in the fourth quarter, Statistics South Africa (Stats SA) said on Tuesday.
“Consequently the unemployment rate declined by 1.1% to 24.3% - the lowest level since the fourth quarter of 2013 (24.1%),†said Stats SA as it released the findings of the Quarterly Labour Force Survey (QLFS).
The QLFS shows employment increased by 203 000 between the third quarter of 2014 and fourth quarter of 2014, while unemployment decreased by 242 000, resulting in a decline of 39 000 in the labour force.
When it comes to employment following a decline in the absorption rate in the third quarter, the rate increased by 0.4% on a quarterly basis to 43% in the fourth quarter.
The survey, which polls households, said that 51.8% of people aged 15 - 64 were employed in Gauteng.
“Gauteng is a province that pulls for employment reasons. The reasons many people come to Gauteng is for employment prospects,†said Stats SA’s Deputy Director General: Population and Social Statistics, Kefiloe Masiteng.
The Eastern Cape, the report states, had the lowest absorption rate according to the report.
There were 15.3 million jobs in the fourth quarter, with only 43% of the working age people being employed. This is still below the pre-recessionary levels.
The largest contributors to the year-on-year increase in employment was construction (130 000) and community and social services (31 000). Employment decreased by the largest in private households and utilities industries on an annual basis (26 000 and 23 000 respectively).
With regards to unemployment in the fourth quarter of 2014, the number of unemployed people declined by 242 000 to 4.9 million. On an annual basis, the number of unemployed people increased by 79 000.
The report noted that the expanded unemployment rate, which relaxes the requirement for job searchers to be classified as unemployed, declined on a quarterly basis by 1.2% to 34.6% in the fourth quarter of 2014.
The expanded unemployment rate was around or above 40% in three of the country’s nine provinces namely the Eastern Cape, Mpumalanga and North West.
According to the data, on a quarterly basis, the decline in the expanded unemployment rate was more pronounced for women, black Africans, youth aged 15 to 24 years and adults between the ages of 45 and 55 years.
When coming to job tenure between 2008 and 2014, the median monthly job tenure for employees increased from 36 months to 47 months. Employees who have shorter job tenures are predominantly black Africans, young people and employees with less than matric, among others.
Improvement welcomed despite tight outlook
Analysts said the decline in the unemployment rate is good news.
“However, the numbers are not seasonally adjusted and the rise in employment in the fourth quarter could partly be attributed to a seasonal rise in temporary employment during the festive season,†said Nedbank economists.
According to the analysts, the outlook for the labour market generally remains tight.
“The private sector is likely to remain reluctant to expand capacity and grow employment given a struggling local economy, the electricity supply constraint and slower than expected growth in some of the country's major trading partners, while the government sector has pledged to reduce the budget deficit and contain the nation's debt burden by, among other things, controlling the growth in public sector employment and wage increases.
“Conditions in the labour market will therefore remain unfavourable until the economy accelerates more convincingly.â€
Nedbank said while figures show some improvement, unemployment remains exceptionally high and there is unlikely to be significant improvement in the year ahead. - SAnews.gov.za
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Visually impaired student receives new Tablet |
Posted by: Newsroom - 10-02-2015, 04:28 PM - Forum: Your Education
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An elated Thabang Manamela from the University of Pretoria on Monday received a new Tablet from Social Development Deputy Minister Hendrietta Bogopane-Zulu.
Manamela, who is visually impaired, won the gadget with Jaws software during the National Disability Awards 2014 held in Cape Town, last year.
The National Disability Awards is an initiative by Insurance Sector Education and Training Authority (INSETA) to predominantly focus on recognizing disability service delivery excellence in the insurance industry by issuing winners with certificates of recognition, trophies and prizes.
Manamela scooped the award in the National Young Leader Disability category. He was recognised for ensuring that his university’s Disability Unit was rendering a quality service to students with disabilities.
INSETA gave him a Tablet with Jaws software and over R100 000 bursary. Courtesy of MTN Foundation, Manamela will also receive free data to access internet for the next 24 months.
Speaking during a handing over ceremony held on Monday at the University of Pretoria, Deputy Minister Bogopane-Zulu said the Tablet introduces an element of independence for Manamela.
“It’s entirely up to you, if you perform, stay on top and give it your best, you are guaranteed that when your results reaches somebody’s desk at INSETA, they will say that this is a student that we will continue with. It’s a short term sacrifice of many things,†Deputy Minister told Manamela.
Manamela promised to live up to the expectations. “Usually when I do something, I do my best or don’t do it at all. I’m very honoured to receive this, it will help a lot in my studies,†said 22-year-old from Tembisa.
Professor Themba Mosia, Vice Principal at the University of Pretoria, expressed his appreciation to the department’s gesture to support Thabang.
Professor Mosia encouraged Manamela to stay focussed on his studies and make a difference to the country. – SAnews.gov.za
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