It says that the effects of major retrenchments in South Africa in 2009 are still being felt, as the country has not recovered from the downturn two years ago.
It says that jobs in the formal sector shrank by 3,5% in 2010 compared with the previous year while employment in the informal sector actually grew by 1,4%. Of the people who were employed, the median salary was a paltry R2 900 a month.
It says about a third of employees - excluding those in the agricultural sector - were earning less than the median salary. Only about 25% of the working population are aged between 25 and 34.
StatsSA says that 41% of the people in this age group were unemployed while more than 50% of the people described as "not economically active" were aged between 15 and 24. The figures were published in the Labour Dynamics Report for 2010.
Read the full article on www.timeslive.co.za.
View the Labour Market Dynamics Report from StatsSA.
