1 / 17

Adcorp Employment Index 2014 Labour Market Update

Adcorp Employment Index 2014 Labour Market Update. Unemployment remains SA’s major challenge. One of post-apartheid’s greatest disappointments is the economy’s failure to create jobs – 13% unemployment in 1994 to 25% currently

hanzila
Download Presentation

Adcorp Employment Index 2014 Labour Market Update

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Adcorp Employment Index 2014 Labour Market Update

  2. Unemployment remains SA’s major challenge • One of post-apartheid’s greatest disappointments is the economy’s failure to create jobs – 13% unemployment in 1994 to 25% currently • Official labour force size: 18.6 million of which 14million formally employed • 4.6 million South Africans are currently unemployed • 2.2 million permanently discouraged about their prospects of finding work • 0.6 million people underemployed • 15.9% work on a part-time basis • 37.7% work on a non-permanent contract basis • 3.0million (65.2%) of those officially unemployed have been out of work for more than a year • Nearly half (44.3%) of the economically active population is idle, and a staggering proportion (74.5%) of youth under the age of 25 is idle • By any measure, unemployment is easily South Africa’s most pressing socio-economic problem • Who are the unemployed? Youth (72%), black African (85%), never worked before (51%)

  3. Real wages in South Africa Post-Labour Relations Act (1995) Note: * After-inflation wages in the non-agricultural private sector. Source: South African Reserve Bank (2012).

  4. Labour productivity in South Africa Post-Labour Relations Act (1995) Note: * The marginal productivity of labour, after removing the effect of capital equipment, machinery and other technologies. Source: Statistics South Africa (2012).

  5. Economic activity and employment Data sources: South African Reserve Bank, Statistics SA.

  6. Labour vs. capital Usage of labour and capital Data sources: South African Reserve Bank, Statistics SA.

  7. Labour vs. capital productivity Capital productivity Labour productivity Data sources: South African Reserve Bank, Statistics SA. Data sources: South African Reserve Bank, Statistics SA.

  8. Adcorp Employment Index Adcorp Employment Index Data source: Adcorp Analytics.

  9. Typical and atypical employment Typical employment Atypical employment Data source: Adcorp Analytics. Data source: Adcorp Analytics.

  10. Declining union membership Unionization rate by sector Unionization rate Data source: Statistics SA. Data source: Statistics SA.

  11. Strikes and intimidation Strike participation rate Intimidation-related absenteeism Data source: Statistics SA. Data source: Statistics SA.

  12. Skills shortages Skilled workers’ remuneration Skills shortage by occupation Data source: Adcorp Analytics. Data source: Adcorp Analytics.

  13. Affirmative action Average Black income Number of high-income Blacks Data source: Statistics SA. Data source: Statistics SA.

  14. The trouble with Statistics SA’s estimates Data sources: Statistics SA Quarterly Labour Force Survey (2001-2011). Other sources as indicated.

  15. Migrating to the informal sector? Number of people trying to start their own businesses Number of people running their own small businesses Data source: Statistics SA. Data source: Statistics SA.

  16. The cash economy Notes and Coin in Circulation vs. Gross Domestic Expenditure Source: South African Reserve Bank (2011)

  17. The light economy South Africa, 1992-2008 GDP and AVDN for 172 countries Data source: Henderson, V., A. Storeygardand D. N. Weil (2011). “A Bright Idea for Measuring Economic Growth”. American Economic Review 101:3, 194-199 Data source: Henderson et al. (op. cit.)

More Related