Unemployment rate dropping - 11th Feb 2010
Unemployment dropped to 24.3% in the last quarter of last year from 24.5% in the third quarter.A total of 870000 jobs were lost last year, whereas just over 200000 job opportunities were created through the extended public works programme - falling far short of President Jacob Zuma's promise of 500000 new jobs to be generated by public works.
Though there was a slight decline in unemployment in the fourth quarter of 2009, there was still "room for improvement", Cosatu said yesterday.
Stats SA released its fourth-quarter labour force survey yesterday, in which it noted a "slight" increase of 61000 jobs created between the third and last quarters of the year.
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