395 000 Jobs Lost in 2010 - Stats SA

Statistics South Africa (Stats SA) says that about 395 000 jobs were lost in 2010 compared to the previous year.

Stats SA deputy director general for population and social statistics, Kefiloe Masiteng, points out that, “This indicates the country has not yet fully recovered from the economic downturn in 2009."

It says jobs in the formal sector shrunk by 3.5 percent in 2010 compared to the previous year, adding that employment in the informal sector grew by 1.4 percent.

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