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Thu, 17 May 2012: Adcorp Holdings Ltd (ADR)     Open: 2730    Close: 2730    Bid: 2730     Bid Volume:2757    Offer: 2740   Offer volume :700      High: 2750     Low: 2730     Volume: 7759     Value 21265343   pe   : 12.81     Move: 0  Move percentage:  0.00%  Trades   Number: 8  
Industry   News

AEI April 2011 

Salient features

  • Employment put in a very strong showing during March, which was the first month since August 2008 – more than two and a half years ago – that all sectors, occupations and employment types recorded positive growth. The highest growth rates were recorded in agency employment (9.9%), in the transport (18.3%), electricity (13.6%) and mining (11.5%) sectors, and in agricultural (11.8%), professional (10.8%) and machine operator (10.4%) occupations. Total employment grew 5.6% during the month.
  • Employment in the official sector grew 7.3%, while employment in the unofficial sector grew 2.0%, which is the first time since January 2006 that the formal sector drew workers out of informal employment.
  • Temporary work grew by 3.7% during the month, of which agency work grew by 9.9% while non-agency temporary work declined.
  • In this month’s analysis, we take a closer look at the reasons for growth of temporary employment. Since January 2000, when Adcorp first compiled these statistics for South Africa, traditional permanent employment has declined by 20.9% (representing 1.9 million people) and temporary, contract and other forms of “atypical” employment has increased by 64.1% (representing 2.4 million people). In other words, all of South Africa’s employment growth over the past decade – and then some – has been of a temporary nature.

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10 May 2012 - Number of SA jobs grows sharply – for the fourth consecutive month
Employment grew sharply, at an annualised 4.3% in April, representing the creation of 69 780 jobs during the month according to the latest Adcorp Employment Index. ...
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10 April 2012 - Employment grows steadily while union membership declines
A total of 108 826 jobs were created in March – a marked acceleration from the 24 000 jobs created in February and 80 000 jobs created in January, leading to the strongest monthly showing of job creation since the 2009 recession...
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12 March 2012 - New business start-ups slump to all-time low
The group’s February 2012 Employment Index highlights with alarm the closure of 440 000 small business closures over the past five years....
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