The Business Day reported on the fifth South African Employment Report this morning. The report compiled by Mike Schussler, estimates total formal-sector jobs, excluding ones in agriculture, at 8,663-million. This means that 240,000 jobs were created last year. I think this is round about double the ASGISA target.
A few interesting observations came out of the report:
- one in four white males, one in five Asian males and one in five black females are self-employed
- there is a growing tendency among white females (one out of six) to work for themselves
- one in every six working people were self-employed
- 86,8% of all black self-employed people are in the informal sector
- many people who can’t find employment are those who passed grade 11 (standard 9) and then left school. People who completed primary school education but left high school before matric had a higher rate of unemployment than those who did not go any further than primary school.
This is good news indeed.
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