Cape Town has lowest unemployment rate of all metros
13 February 2020
According to the recently released Quarterly Labour Force Survey, Cape Town still has the lowest expanded unemployment rate of all metros at 24.8%. There are also 4 000 more people employed in Cape Town compared to the previous year.
‘The positive trajectory since the first quarter of 2019, with two consecutive quarters of employment growth and an increase of 19 000 jobs between quarter two and three was good progress. However, there is more work to be done and services that facilitate economic growth and job creation are needed now more than ever. We work hard to create an enabling business environment in Cape Town. I am particularly proud of the work to assist entrepreneurs and those looking to start their own business because SMMEs are essential for any growing economy.
The announcement of the Virgin Atlantic direct flight from London to Cape Town is yet another good indicator of how the work done by the city and its partners is delivering positive outcomes for the residents of Cape Town,’ said Executive Mayor, Alderman Dan Plato.
Our economic landscape is favourable because we support the high-growth sectors that will drive demand and make business sense.