• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Number of employed up slightly

Jun 21 2011 09:59 Reuters

Related Articles

Jobs drop in May: Index

Cosatu welcomes R9bn jobs fund

Gordhan unveils jobs fund details

More jobs, but not for low-skilled

Fedusa meets commission on jobs plan

Govt must double jobs target - economist

 
Johannesburg - The number of people employed in South Africa's non-agricultural sectors increased by 0.6% in the first quarter of 2011 compared with the fourth quarter of last year, data showed on Tuesday.

Statistics South Africa said the number of employed people in the formal sector rose to 8.298 million, from 8.251 million in the fourth quarter.

Compared to the first quarter of 2010, the number was up 2.6%.

South Africa has lost more than a million jobs since the beginning of 2009, the year it experienced its first recession since 1992.

The government wants to create 5 million new jobs by 2020 and has set up a R9bn jobs fund to quicken the pace of employment. However, economists say growth needs to accelerate to 7% a year to hit this target.

Finance minister Pravin Gordhan has said employment growth is far too slow and poses serious political and economic challenges.

About half of the adult population in Africa's biggest economy is jobless.
stats sa  |  unemployment  |  jobs
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Nkandla: Zuma 'still looking for undue benefit'

President Jacob Zuma has told supporters at an election rally in Mpumalanga that he had not wrongfully benefited from the upgrade to his Nkandla home.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...