Growing signs of recovery with new jobs and higher wages

The total number of people employed in the formal non-agricultural sector increased by 47 000 (0.6 percent) between the December 2010 and March 2011 quarters based on recent data from Statistics South Africa.

The number of people employed in this sector increased by about 47 000 persons from December 2010 to an approximated 8 298 000 employees in March 2011, said Stats SA in its March 2011 Quarterly Employment Statistics (QES) survey.

Gross earnings paid to employees in the formal non-agricultural sector dropped between the quarters ended December 2010 and March 2011.

“This displays a quarterly decrease of R19 800 million (-5.9 percent) when compared with the quarter ended December 2010.”

The QES revealed that an estimated 8 298 000 individuals were employed in the formal non-agricultural sector, exhibiting an annual boost of approximately 212 000 employees in comparison to an estimated 8 086 000 employees in March 2010.

 

Gross earnings paid to employees within the formal non-agricultural sector improved between the quarters ended March 2010 and March 2011. The gross earnings paid to employees during the quarter ended March 2011 amounted to R318 099 million showing an annual increase of R26 896 million.

Average monthly earnings, including bonuses and overtime payments, paid out to employees in the formal non-agricultural sector decreased between November 2010 and February 2011.

The March 2011 Quarterly Employment Statistics (QES) survey shows a quarterly decrease of 0.2 percent in average monthly earnings paid to employees in the formal non-agricultural sector between November 2010 (an estimated R12 274) and February 2011 (an estimated R12 244).

At the same time, average monthly earnings, including bonuses and overtime payments, paid to employees in the formal non-agricultural sector increased between February 2010 and February 2011.

The QES survey reflected an annual increase of 9.3 percent in average monthly earnings paid to employees in the formal non-agricultural sector between February 2010 and February 2011.

Source: BuaNews

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