Labor & Economic News Blog
Wednesday, December 13, 2006
South Africa: Economy Booming, But Slow Growth in Jobs
South Africa: Economy Booming, But Slow Growth in JobsTHE economy continued to create jobs in a slow and steady fashion in the third quarter, increasing the number of people employed in the formal, nonfarming sectors by 73000 (1%). According to Statistics SA, which released its quarterly employment statistics yesterday, this brought the increase from the same quarter last year to 193000, or 2,7%.
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