Stats SA's Quarterly Labour Force Survey

StatsSA logoFor some perspective on John Mauldin's article above, read the enclosed Quarterly Labour Force Survey released by Statistics SA on 14th February 2017. This research estimates SA's unemployment rate at 25.5% (up from 24.5% 12months before). To be classified as 'employed' a person of working age has to work for one hour. Our labour absorption rate which measures the proportion of the working-age population that is employed fell from 44.2% to 43.5% between Q4 2015 and Q4 2016 while the labour force participation rate (those willing to work, or working) rose from 58.5% in Q4 2015 to 59.2% in Q42016. Read more