Subscribe & Follow
Advertise your job vacancies
Trending
Jobs
- Senior .Net Developer Cape Town
- Intermediate Full Stack Software Engineer Bedfordview
- Junior Accountant Cape Town
- Dangerous Goods Code 10 Driver George
- Senior Brand Designer Cape Town
- Motor Insurance Claims Consultant George
- SEO and Content Creator Intern Cape Town
- Sales, Marketing and Financial Advisory Durban
- Advertising Sales Executive Illovo, Johannesburg
- Lecturer – School of Education (History & Geography) Pretoria
Informal employment 'booming' says Adcorp
According to Adcorp's latest Employment Index, informal sector employment levels are "booming" with a 7,7% increase in this sector in September, even though formal employment levels remain under pressure.
Business Report quotes Adcorp as saying that informal workers generally evade income taxes and circumvent labour laws. However it points out that an estimated 32,8% of South Africa's workforce is now employed in the informal sector.
It says that about 6,2-million people are eking out a living as informal workers compared with the officially recorded employment levels of 12,7-million people.
Adcorp's index shows that formal employment levels dropped sharply last month in several sectors including manufacturing (16,7%), transport and logistics (9%) and construction (4,6%). Together these sectors accounted for the loss of 25 000 jobs last month.
There were employment gains in the government sector (10,5%) finance (8,2%) and the wholesale and retail trade sectors (6,6%).
Read the full article on www.iol.co.za.
View the Adcorp Employment Index.
