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Wednesday, April 30, 2008

Employment Growth Remains Strong; Unemployment Up; Retrenchments Unchanged

This just in.... hmmm

30 April 2008
Employment growth remains strong; Unemployment up; Retrenchments unchanged

Employment continued to grow strongly as the economy picked up pace in the first quarter of 2008. Preliminary estimates show that employment grew by 68,400 in the first quarter this year. This is higher than the increase of 62,500 in the previous quarter and 49,400 in the first quarter of 2007.
2. Services continued to lead the employment gains, adding 42,900 workers in the first quarter of 2008. Driven by the growth in building activities, construction increased its workforce by 13,400, continuing the rapid increase of the earlier quarters. Manufacturing posted gains of 11,900.