Local employment drops again

2012-07-10 13:03

Employment in South Africa fell sharply by 2% in June, the Adcorp Employment Index revealed.

The latest decline in employment comes after a decrease of 3.1% in May.

In June, a total of 31 781 jobs were lost, bringing the total amount of jobs lost in the last two months to 85 520.

Most sectors reported a decline in employment, apart from wholesale and retail trade, which showed a 2.1% increase.

All occupations reported a decline in employment except for managers and professionals, which grew by 2.2% and 3.3% respectively.

The agricultural sector recorded the sharpest decline of -12.7%, followed by the transport industry with -8.6%.

Mining declined by 8.1% while the plant, equipment and construction sectors lost 4.7% of their workforce.

Employment in the informal sector grew by 0.2%, which was the twelfth consecutive monthly increase.

Adcorp Holdings labour economist Loane Sharp said an analysis based on a limited number of candidates showed that the wage premium for affirmative action candidates was 23.1% for black men and 36.4% for females, compared to their white counterparts.

“The wage premium of affirmative action candidates over their non-affirmative counterparts is one of the most important labour market indicators,” said Sharp.

He said that in order to determine the affirmative action premium, it was necessary to hold constant the level of skills, qualifications, experience, on-the-job performance and other pertinent information to accurately reflect the purely race-linked pay discrepancies between the candidates.

Since much of the information required to determine the “premium” was not recorded or not readily available, Adcorp obtained the information from 1 604 permanent placements it made for the 12-month period June 2011 to May 2012.

“The figures also showed that Asians and coloureds earn 2.7% and 7.3% less than whites respectively. Whereas blacks earn 23.1% more than whites for equivalent levels of skills, qualifications, experience and on-the-job performance.”

Sharp said when the figures were dissected by gender further, Asian and black females earned 3.1% and 15.5% more than their male counterparts.

Coloured and white females earned 25.2% and 20.6% less than their male counterparts.

“It is important to stress that as the data is not consistently available over time, it is impossible to say whether the affirmative action wage premium has been rising or falling over time,” said Sharp.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts

Jobs in Cape Town [change area]

Jobs in Western Cape region

CSR Inbound

Cape Town Northern Suburbs
O'Brien Recruitment
R14 000 - R16 000 Per Month

Debtors/Creditors Supervisor

Century City
Pro Placements Recruitment Agency
R10 000 - R12 000 Per Month

Graphic Designer

Cape Town Northern Suburbs
Creative Sourcing
R7 000 - R9 000 Per Month

Property [change area]

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.