Employment, salaries up in Q4 – Stats SA

24th March 2015 By: Natalie Greve - Creamer Media Contributing Editor Online

Employment, salaries up in Q4 – Stats SA

Photo by: Bloomberg

The number of employees in the formal nonagricultural sector of the South African economy increased from an estimated 8.94-million in September to an estimated 8.98-million in December, Statistics South Africa’s (Stats SA’s) Quarterly Employment Statistics (QES) survey revealed on Tuesday.

This reflected a quarterly increase of 42 000 employees, or 0.5%, but a yearly decrease of 20 000 employees, or 0.2%, on the December 2013 figure.

The number of employees in the trade industry increased by 29 000, or 1.6%, between September and December, while the business services industry added 22 000 jobs – a 1.1% lift.

The number of employees in the transport sector increased by 1.1%, or 5 000, in the last quarter of the year, while the manufacturing industry increased its employee base by 0.1%, or 1 000 jobs, over the three months.

In contrast, the construction sector shed 2% of its employee base over the quarter, dropping 10 000 jobs, while the number of workers in the mining and quarrying industry fell by 1.2%, or 6 000.

The number of employees in the electricity industry remained unchanged quarter-on-quarter.

Meanwhile, gross earnings paid to employees in the formal nonagricultural sector during the quarter ended December 31 increased by 7.4% on the prior quarter to R499-billion, reflecting a 7.6%, or R35-billion, increase on the comparable quarter of the prior year.

The increase was largely owing to increases in earnings in the business services, trade, manufacturing, community, transport and construction industries.

Average monthly earnings, including bonuses and overtime payments, paid to employees increased by 0.6% between August and November.

“The QES survey also showed that an estimated monthly average of R16 470 was paid to employees in the formal nonagricultural sector in November.

“This reflects a quarterly increase of 0.6% between August and November and a yearly increase of 6.9% between November 2013 and November 2014,” Stats SA said in a summary of its key findings.