SA's unemployment rate drops
The number of people looking for jobs in South Africa dropped to 4,7 million.
JOHANNESBURG - The unemployment rate dropped from 25,2 percent to 24,9 percent in the second quarter of 2012, Statistics South Africa revealed on Tuesday.
This means the number of people looking for jobs dropped to 4,7 million.
According to statistics, the manufacturing sector lost 40,000 jobs during the second quarter.
The informal sector shed 21,000 jobs, while agriculture lost 18,000.
Labour expert Andrew Levy said this picture is unlikely to change, unless government changes its employment policies.
But he said the South African economy is dependent on factors outside government's control.
"If the world position improves, then that is going to push up demand for platinum mining, which has been depressed. Manufacturing will also improve."