SA creates 30 thousand jobs per month - report

A report by the United Associations of South Africa trade union has found that employment in South Africa is growing at around 30-thousand jobs a month. Mike Schussler, who researched the South African Employment Report, says the formal labour market may already exceed nine million people. Schussler says that 360-thousand new jobs need to be created each year to absorb new entrants into the employment market, and adds that if 240-thousand jobs are created each year the country will halve its current unemployment figure by 2014.