Employment fell an annualised 0.8 percent in May‚ according to the monthly Adcorp employment index on Monday.
“The economy shed 13‚097 jobs during the month‚ mostly in the permanent‚ full-time work sector‚” Adcorp’s labour market analyst Loane Sharp said.
“The informal sector created 11‚009 jobs during the month‚” said Sharp.
“Aside from the informal sector‚ the only part of the economy that created jobs in May was the agency work sector‚ which created 370 jobs during the month.”
The May index showed that job losses were focused in the retail and wholesale trade and manufacturing sectors‚ and were offset to some extent by job creation in the government sector.
Government employment remained strong‚ with 8‚000 jobs created during the month.
According to the May Adcorp employment index‚ labour brokers constituted a R44bn industry employing around 19‚500 internal staff and just over one million agency workers or temps in SA.
In an analysis‚ Adcorp said that in other countries‚ labour brokers employed 741‚000 internal staff and assigned nearly 20 million agency workers in an industry worth R2.3 trillion globally.
Agency work now constitutes 7.5 percent of total employment in SA‚ according to Adcorp‚ which forecast the industry to grow further.
Adcorp research also showed that 3.9 million workers representing 29 percent of total employment were temporary in nature.
“The overwhelming majority (74 percent) is employed by companies directly‚ and a minority (26 percent)‚ mostly in medium and large business enterprises‚ are employed through agencies‚” he said.