Informal sector spurs jobs growth
Fin24 - Dec 9th 2011, 08:39
Cape Town - Total employment grew at its fastest rate in eight months in November, the latest Adcorp Employment Index has found.
According to the index, released on Thursday, employment grew at an annual rate of 3.41% in November with all employment categories reporting growth.
"All employment categories reported growth, the fastest being the informal sector (4%), temporary work (3.8%) and permanent jobs (2.8%)."
Agency work lagged behind at 2%, possibly reflecting "legislative and regulatory uncertainties" regarding labour broking.
Significant job growth was recorded in the distribution and logistics sector (18.1%), the retail sector (8.7%) and financial services (8.2%).
By contrast, sharp declines in employment were observed in mining, minus 15.7%, and manufacturing, minus 5.4%.
Demand for skilled workers rose sharply, notably managers and professionals. This reflected the economy's ongoing reorientation towards high value-added services sectors.
Demand for clerks (9.1%) and service workers (4.7%) increased too.
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