South Africa’s formal non-agricultural employment sector lost 194 000 jobs during the fourth quarter of 2023, bringing the level of employment to 10.7 million people, while only 98 000 jobs were added between December 2022 and December 2023.
On the other hand, there were industries that experienced growth in employment. The trade industry saw an increase of 56 000 jobs, trailed by the transport industry which added 2 000 jobs and the electricity industry that added 1 000 jobs. Employees’ total gross earnings increased 5.8%, totalling R995.6 billion in December compared to R941.3 billion in September 2023.
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