Despite the increase in employment from 11.3 million in March 2003 to 13.6 million in March 2009 and the attendant decline in unemployment rate from 31.2 percent to 23.5 percent over the same period, the country has witnessed massive job losses in the recent months, says the report, released on Friday.
According to the Development Indicators, 267 000 jobs were lost in the second quarter of 2009.
South Africa: Economic Crisis Eroding Employment Growth, Report
BuaNews
September 25, 2009
