SA creates 80 000 jobs in January
Around 80000 news jobs were created in January, according to the Adcorp Employment Index released on Monday.
“The South African economy created 80000 jobs in January, representing annualised growth of 5% over the previous month,” Adcorp said in a statement. However, the economy was still 420000 jobs short of the peak employment level before the 2009 global financial crisis. All sectors of the economy reported gains in employment in January, Adcorp said. Temporary work grew at a rate of 7% and agency work at 8%.
“Temporary work now represents 3,87-million workers or 30,1% of the workforce,” Adcorp said. The wholesale and retail trade grew almost 14%, transport and logistics 9%, and government 3%. Employment in high-skilled categories — management and professionals — grew almost 5%. This reflected the economy’s ongoing reorientation toward high-skilled positions, Adcorp said. The number of clerks, service workers and sales and marketing staff increased by 8%. Adcorp said this showed the relative buoyancy of the consumer sectors of the economy.
Source: BusinessDay