Formal non-agricultural sector jobs increase in the 4th quarter 2020
Jobs in the formal non-agricultural sector increased by 76Â 000 in the fourth quarter of 2020, bringing the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,64 million. This is according to the Quarterly Employment Statistics (QES, Q4:2020) survey released by Statistics South Africa (Stats SA). Year-on-year, formal sector read more »
GDP: Quantifying SA’s economic performance in 2020
Stats SA’s Gross domestic product (GDP) release for the fourth quarter of 2020 (October–December) concludes the series for the year, providing a sobering overview of 2020. Manufacturing and trade help lift growth in the fourth quarter The economy grew by 1,5% in the fourth quarter, giving an annualised1 growth rate of 6,3%. This follows read more »
More people participate in the South African labour market in the 4th quarter of 2020
According to the Quarterly Labour Force Survey (QLFS), there was an increase of 333Â 000 in the number of employed persons, an increase of 701Â 000 in the number of unemployed persons and a decrease of 890Â 000 in the number of people who are out of the labour force, in the 4th quarter of 2020 compared to read more »
Three facts about small business turnover in South Africa
As government introduces new legislation to further support small, medium and micro-sized enterprises (SMMEs), recently released data from the 2019 Annual Financial Statistics (AFS) survey shows the growing role that small businesses play in the formal business sector. The National Small Enterprise Amendment Bill 2020, gazetted recently, outlines the establishment of an ombud service that read more »
Jobs in the SA formal sector up in the 3rd quarter of 2020
According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA), jobs in the formal non-agricultural sector increased by 75Â 000 in the third quarter of 2020. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,6 million. According to the report, formal read more »
Quarterly Labour Force Survey (QLFS) – Q3:2020
MEDIA RELEASE                                                                                                                                                                                  12 November 2020                                                                  Quarterly Labour Force Survey (QLFS) – Q3:2020 The results of the Quarterly Labour Force Survey (QLFS) for the third quarter of 2020 indicate large movements out of the “other not economically active” category to “employed” and “unemployed” between quarter 2 and quarter 3 2020. The number of employed read more »
Significant movements into the labour force in the 3rd quarter of 2020
In the 3rd quarter of 2020 there were significant movements in the South African labour market. According to the Quarterly Labour Force Survey (QLFS), a large number of persons moved from the “other not economically active” category to “employed” and “unemployed” status between quarter two and quarter three of 2020. The movement was proportionately more read more »
SA loses more than 600K formal sector jobs during COVID-19 lockdown
According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA), the formal non-agricultural sector shed 648Â 000 jobs in the second quarter of 2020. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to 9,5 million. According to the report, formal sector jobs decreased read more »
Further data shows lagging infrastructure investment
In June 2020, government announced the roll-out of an extensive infrastructure investment drive that would cover 55 projects across six sectors. The programme is an attempt to kick-start an economy battered by COVID-19, as well as to address a history of chronic infrastructure underspending.1 The concern over declining infrastructure investment is further confirmed by Stats read more »
Decline in formal sector jobs in first quarter 2020
According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA) the formal non-agricultural sector shed 3Â 000 jobs in the first quarter of 2020. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to 10,2 million. According to the report, formal sector jobs rose read more »