Cape Town’s unemployment down 4% year-on-year, lowest of the metros
16 May 2023
Mayor Geordin Hill-Lewis says the City is encouraged by unemployment in Cape Town declining by four percentage points year-on-year, with the city maintaining the lowest unemployment rate of the metros. However, much work still lies ahead to ensure more economic growth that helps more people out of poverty and into work over time. Read more below:
The latest Stats SA Quarterly Labour Force survey (QLFS) for January to March 2023 shows Cape Town’s unemployment rate is at 26% based on the expanded unemployment definition, which offers the most complete estimate. This is 0,9 percentage points lower than the previous quarter, and four percentage points lower compared to Q1 2022. This is the fourth consecutive quarter of positive employment growth for Cape Town.
In the first three months of 2023, 40 000 more Capetonians went to work, taking the city’s labour force to 1,7 million people. This takes employment levels beyond the pre-Covid mark, and is the highest recording of employment in Cape Town to date since the implementation of the QLFS report in 2008.
‘Our mission is to position Cape Town as a beacon of hope to show what is possible in South Africa. Decline is not inevitable, it can be halted and turned around. While too many people remain without jobs, we are encouraged by the drop in unemployment despite the record levels of load-shedding impacting our economy.