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File: KZN Summit Speech 6 August 2009

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Conference: Roadmap to KwaZulu Natal Economic Recovery

Fundamentals of Our Economic Policies and the National Government's Response to the Crisis, Speech by Minister of Economic Development, Ebrahim Patel

6 August 2009

Newsroom | Speeches | Minister | KZN Summit Speech 6 August 2009

Key RSA Statistics

43 000

More people were employed in the informal sector, in Q2 of 2014, compared to Q1 2014


Unemployment rate 25.4%


Absorption rate 42.6%


Participation rate 57.1%


Formal sector non-agriculture employment (q\q %) 1.5%


Formal sector non-agriculture gross earnings (q\q %) 4.6%


"Quarterly changes reflect an increase in employment (22 000) and a decrease in unemployment (3 000). This resulted in a slight decrease in the unemployment rate from 25,5% in quarter 2: 2014 to 25,4% (0,1 of a percentage point) in quarter 3: 2014.

Job gains were recorded in both the formal (88 000) and informal (28 000) sectors between quarter 2 and quarter 3. Large gains in the formal sector were observed in the Construction (66 000), Trade (48 000) and Mining (23 000) industries. In the informal sector, the largest gains in employment were observed in the Construction (33 000), Manufacturing (14 000) and Transport (10 000) industries over this period.

Employment declines were observed in the Transport (-25 000), Community and social services (-22 000) and Manufacturing (-18 000) industries."



Source: statssa.gov.za