Cabinet says it is encouraged by the 2023 first Quarterly Labour Force Survey (QLFS) which has indicated a sixth consecutive quarterly increase in the number of jobs.

Cabinet further welcomed that the employment of 16.2 million people is inching closer to the 16.4 million employed people in pre-COVID-19 days.

“This is a clear indication that the South African economy is firmly recovering from the impact of that pandemic,” said a Cabinet statement on Thursday.

The first quarter employment figures show 209 000 jobs were created in the formal sector and 107 000 jobs in the informal sector during the first quarter of the year.

Meanwhile, Cabinet at its meeting this week received a report that point to improvements in the country’s trade and export programme.

The report indicated that South Africa exported goods to the value of R300 billion during 2022 to 12 countries, sustaining an estimated 57 300 direct jobs. – SAnews.gov.za

Source: South African Government News Agency