Employment: domestic demand boosts job creation

2012-04-11 00:00

THE South African economy last month created about one quarter of the jobs created during the whole of 2011, thanks to an uptick in domestic demand and demand for South African metals and resources.

According to the latest Employment Index by employment services group Adcorp, the economy created 108 826 jobs in March 2012. This represents an annualised growth rate of 6,8% and builds a strong foundation for further employment growth.

Adcorp labour market analyst Loane Sharp told The Witness yesterday that he expects stronger employment growth on the back of the general economic recovery.

He expects all economic sectors to generate jobs in the months ahead.

The statistics on employment in March 2012 revealed that while growth was evident in all sectors, transport and logistics (15,2%), electricity and utilities (13,3%) and mining (12%) were the shining lights for South Africans seeking work.

The economy created 24 000 jobs in January and 80 000 jobs in February, according to Adcorp’s previous publications.

“The gains were mainly because of changes in the underlying economy.

“Domestic demand is driving growth in retail and manufacturing, as well as improvements in global metal demand.

“We expect strong growth in employment in April, and further growth to follow in the months to come.”

Sharp stressed that the South African economy is still about 280 000 jobs shy of the peak employment level recorded in 2009, prior to the country losing about one million jobs.

Sharp also pointed out that union membership has declined in South Africa in recent years.

“This is a social trend. Younger people in particular are more interested in personal performance rather than being part of collective wage agreements. It is a worldwide trend.”

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


Hotel and Catering Personnel
R15 000 - R19 000 Per Month

C# Developer

Cape Town
Tumaini Consulting
R550 000 - R600 000 Per Year


Western Cape
R10 000 - R13 500 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.