South Africa: Retail and financial services see employment nudge up in Q3
12 December 2012
The number of people employed in South Africa's formal non-agricultural sector crept up by 0.1%, with an extra 10,000 entering work in Q3, government agency Statistics South Africa has announced.
Wed, 12 Dec 2012
The number of people employed in South Africa's formal non-agricultural sector crept up by 0.1%, with an extra 10,000 entering work in Q3, government agency Statistics South Africa has announced.
This brings the number of workers to 8.44m, an increase of 82,000 over the year, with the unemployment rate having waivered around 25% for most of the past decade.As Annabel Bishop, chief economist at Investec tells newspaper Business Day Live, the only private sectors to create jobs were the retail and financial services sectors, with 5,000 roles created each, while 15,000 jobs were lost in the mining sector.
The public sector had been the main creator of jobs, Bishop claims.
The number of people employed in South Africa's formal non-agricultural sector crept up by 0.1%, with an extra 10,000 entering work in Q3, government agency Statistics South Africa has announced.
This brings the number of workers to 8.44m, an increase of 82,000 over the year, with the unemployment rate having waivered around 25% for most of the past decade.As Annabel Bishop, chief economist at Investec tells newspaper Business Day Live, the only private sectors to create jobs were the retail and financial services sectors, with 5,000 roles created each, while 15,000 jobs were lost in the mining sector.
The public sector had been the main creator of jobs, Bishop claims.
