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EC unemployment rate drops in third quarter


Metrominute reports that the unemployment rate in the Eastern Cape in the third quarter of this year declined marginally from 30.4% to 29.5% quarter-on-quarter.

That's according to figures released on Thursday by Statistics South Africa.

Metrominute reports that in numerical terms, the number of unemployed in the Eastern Cape had dropped from 592 000 to 576 000.

The Stats SA figures show that between the second and third quarters the manufacturing sector in the Eastern Cape shed 12 000 jobs, dropping to 130 000 which is 26 000 fewer than in the third quarter of last year.

Source:Metrominute