SA shed 15,000 jobs in first 3 months of 2016- Stats SA

A Quarterly Employment Survey in South Africa  indicates that in the first quarter of this year, the economy shed 15,000 jobs in all sectors, except construction and community services. 

Employment therefore declined by 0.2% to 9.2 million people in the formal  sector of the economy. 

The Quarterly Employment Survey collects data from the mining, manufacturing, electricity and gas, construction, retail, business and community and personal services sector, and measures the level of employment and earnings per sector. 

The latest figure showed that the largest percentage of job losses took place in the retail, hotel and restaurant sectors. 

In the retail trade sector, 27 thousand jobs were lost, while seven thousand people were retrenched in the hotels and restaurants industry. 



SOURCE: NEWS24