56 000 jobs created in Q1 of 2018

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South Africa’s economy created 56 000 jobs in the formal sector in the first three months of this year, bringing the total number of persons employed in the formal non-agricultural sector to 9.8 million.

The Quarterly Employment Statistics (QES) Survey, shows that construction and manufacturing industries added 12 000 and 9 000 respectively.

Moderate gains were also reported in the business services industry with a slight increase of four thousand jobs in the first quarter.

The stats agency in a statement said job losses were recorded in three of the eight industries surveyed, with the largest decline in the trade industry which shed 26 000 jobs.

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