Employment in Cape Town continues to rise while the City invests in sectors that yield jobs and spur economic growth
31 October 2018
I am delighted by the news yesterday where Statistics South Africa confirmed that Cape Town’s official unemployment rate declined for a second successive quarter (to 21,1%) while the national unemployment rate increased to 27,5%.
Cape Town’s unemployment rate is 2,1 percentage points lower than what it was a year ago. This was also the ninth consecutive quarter in which the city has shown positive employment growth.
In addition, the Quarterly Labour Force Survey 2018 for the third quarter, from 1 July to 31 September 2018, shows Cape Town has the lowest expanded unemployment rate (22,9%) of all the metros in the country.
The number of Capetonians in employment has increased by 61 000 to 1,6 million people compared to the same time last year.