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SA's jobless rate drops to 24.1%

Economy

Johannesburg - South Africa's unemployment rate eased to 24.1 percent of the labour force in the fourth quarter of 2013, the lowest in seven quarters, from a revised 24.5 percent in Q3, data showed on Tuesday.

In its quarterly labour force survey, which polls households, Statistics South Africa said this amounted to 4.83 million people without work in the fourth quarter, down from 4.88 million in the previous three months.

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The expanded definition of unemployment, which includes people who have stopped looking for work, was at 34.0 percent. - Reuters

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