City of Joburg created 110 000 jobs – Stats SA
I am pleased to note that the City of Johannesburg created 110 000 jobs net year-on-year which has resulted in a 1.1 % decrease in the expanded definition of the unemployment rate. This is according to the Q4 Quarterly Labour Force Survey released by Stats SA earlier today.
This is in stark contrast to the 200 000 jobs lost at the hands of the previous administration over their five-year term.
Importantly, the City out-performed both the country and Gauteng province. Sadly, South Africa saw a net loss of 132,000 jobs year-on-year, increasing the expanded unemployment rate by 0.7%. Gauteng saw a marginal decrease of 0.1% in the expanded unemployment rate, with a net increase of 92,000 jobs over the same period.
The latest jobs statistics for the City show that, steadily, change is coming to the city and more and more businesses and entrepreneurs have confidence in Johannesburg as South Africa’s economic hub.
Since coming into office, our multi-party government has worked to introduce a number of new initiatives intended to stimulate Joburg’s economy and, in the process, kick-start a sustained period of growth that will lead to jobs.