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More people employed, salaries higher

The number of people employed in the formal non-agricultural sector of the South African economy increased by about 42‚000‚ or 0.5%‚ in the second quarter‚ according to the June Quarterly Employment Statistics (QES) survey released by Statistics SA on Tuesday.

19 Sep 2012

This took the number of employed people in the formal non-agricultural sector to an estimated 8.425 million in the second quarter‚ from an estimated 8.383 million in the first quarter.

The survey showed that gross earnings paid to employees during the quarter ended June amounted to R352.5bn‚ reflecting a quarterly increase of R3.5bn or 1.0% compared with the previous quarter.

The estimated 8.425 million people employed reflected an annual increase of about 125‚000 employees or 1.5% compared with June 2011's estimated 8.300 million employees.

Gross earnings paid to employees during the quarter ended June reflected an annual increase of R28.8bn or 8.9% compared with the quarter ended June 2011.

The average monthly earnings‚ including bonuses and overtime payments‚ paid to employees in the formal non-agricultural sector increased between February and May this year‚ Stats SA reported.

There was a quarterly increase of 3.8% in average monthly earnings of employees in the sector between February (an estimated R13‚143) and May (an estimated R13‚647).

The survey reflected an annual increase of 12.6% in average monthly earnings paid to employees between May 2011 (estimated at R12‚123)‚ and May 2012‚ when earnings reached an estimated R13‚647.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za