StatsSA has announced another fall in jobs for the second quarter of 2007, with a decline of 34 000. This was the stark message in the latest Quarterly Employment Statistics (QES) report.
“There was a decline in employment in both the March 2017 and June 2017 quarters,” said StatsSA.
“The QES recorded consecutive losses of 41 000 jobs and 34 000 jobs over the last two quarters, respectively.”
Manufacturing reported the highest job loss, of 13 000. This was followed by losses in construction, with 11 000 jobs, community and social services, with 10 000 jobs, transport and communication, with 5 000 jobs and business services, with 1 000 jobs.
Mining bucks job loss trend
Mining bucked the trend and created 3 000 jobs in the second quarter, which followed an improvement in the first quarter as well.
Gross earnings for the latest quarter continued to slide, with a decline of R2,3 billion. This followed a decline of R19,5 billion in the previous quarter.
The decline in earnings was driven by the business services industry, although earnings in mining, manufacturing and some other sectors rose.
The latest employment statistics make depressing reading, as they come at a time when growth in GDP is very low.