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Formal sector sheds 165,000 jobs – but informal picks...

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Formal sector sheds 165,000 jobs – but informal picks up the slack

The formal, non-agricultural part of the economy shed nearly 130,000 jobs, or 1.4% of the total, during the second quarter of the year, Statistics SA said in its quarterly household survey on Tuesday. Agriculture and private household employment saw another 36,000 odd people lose their jobs. But thanks to a surge in informal sector employment, which took up 115,000 new workers, the total unemployment rate stayed virtually unchanged. The number of discouraged work-seekers. Statistics SA Quarterly Labour Force Survey

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