📉SA's economy lost 97 000 jobs in a year, with the trade industry taking the biggest hit. But there were glimmers of hope as community services and mining industries added jobs👷🏻♀️🌱💼 TheCitizenBusiness economics Read the story⬇️
Decrease in fulltime employment
It seems that part-time jobs made up for full-time jobs, with jobs surging by 42 000 compared to the fourth quarter, increasing from 1 110 000 in December 2022 to 1 152 000 in March. The community services industry reported a decrease of R13,5 billion, followed by the trade industry with a decrease of R12,4 billion, the manufacturing industry with a decline of R9,1 billion, the construction industry with R4,7 billion, transport industry with R2,1 billion and electricity industry with R1 billion.
The business services industry reported an increase of R976 million in basic salary or wages, while the mining industry reported a moderate increase of R551 million, followed by the transport industry with an increase of R295 million. Statistics SA said despite the overall decrease, the business services industry showed an increase in bonus payments of R7,1 billion or 24,0%.
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