Wednesday, March 20, 2013

S.Africa's formal sector employment edges up 0.3 pct in Q4 2012

JOHANNESBURG (Reuters) - Employment in South Africa's formal, non-farm sector edged up 0.3 percent in the fourth quarter of 2012 compared with the previous three months, with mining and manufacturing each adding jobs, the national statistics agency said on Tuesday.

On a year-on-year basis, the number of people with formal jobs rose 1 percent to 8.461 million in the quarter, Statistics South Africa said in a report.

Gross earnings rose 5.9 percent to nearly 394 billion rand compared with the previous quarter and were up 7.8 percent over the same period a year ago.

Unemployment in Africa's biggest economy remains high at nearly 25 percent, with the threat of job losses hovering over the mining sector, which has grappled with a wave of violent wildcat strikes since last year.

Source: http://news.yahoo.com/africas-formal-sector-employment-edges-0-3-pct-100757224--business.html

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