NSA reports drop in unemployment rate
26 Mar 2015 16:30pm
WINDHOEK, 26 MAR (NAMPA) - The overall unemployment rate in Namibia declined to an estimated 28.1 per cent, Namibia Statistics Agencys (NSA) Acting Statistician-General Lina Ndafewayo Kafidi says.
The good news is that there are new entries to employment of 22 733 persons and a reduction of 12 517 persons in the unemployment category of the labour force, she noted.
Kafidi revealed this during the launch of the 2014 Namibia Labour Force Survey (LFS) Report in the capital on Thursday.
The broadly defined unemployment rate is estimated at 28.1 per cent, which is a 1.5 percentage point drop from the rate of 29.6 per cent reported in 2013, she said.
The 2014 LFS collected data on the labour market activities of 40 202 individuals between the ages 15 years and 60 residing in Namibia on the reference night of 28 September 2014.
The unemployment rate for females is 31.7 per cent, higher than the 24.3 per cent for males.
The survey indicated that population in the working age increased with 49 216 persons.
On the other hand, the survey recorded a slight increase in labour force participation of 10 217 persons, which is an increase from 980 781 in 2013 to 990 998 persons in 2014, Kafidi said.
The survey was the first to cover all 14 regions, and covered a representative sample of 10 296 households.
The first LFS took place in 1993 and followed an interval of four years, until 2012 when Cabinet took a decision for the NSA to conduct the survey annually.