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Economic & Sector Work

South Africa Economic Update, August 2015 : Jobs and South Africa’s Changing Demographics

LIVING STANDARDS JOBS AVERAGE UNEMPLOYMENT EMPLOYMENT LABOR MARKET DEVELOPMENT MONETARY POLICY RISKS HOUSEHOLD SURVEY EMPLOYMENT RATE UNEMPLOYMENT RATES ECONOMIC GROWTH PRODUCTION AGGREGATE GROWTH AVERAGE PRODUCTIVITY GROWTH SKILLED WORKERS PREVIOUS SECTION INCOME AVERAGE UNEMPLOYMENT RATE SERVICE SECTOR EMPLOYMENT OPPORTUNITIES SKILLS DEVELOPMENT EXPECTED UNEMPLOYMENT LABOR FORCE EXPORTS HEALTH INSURANCE JOBS CREATION PUBLIC SERVICES FISCAL POLICY JOB HOUSEHOLD ENTERPRISES RISING UNEMPLOYMENT TRAINING PROGRAMS RETAIL TRADE LABOR FORCE PARTICIPATION INFLATION WAGE GROWTH JOB LOSSES LIFE EXPECTANCY TRENDS DRIVERS ECONOMIC OUTLOOK WORK EXPERIENCE DEVELOPMENT DOMESTIC WORKERS LABOR MARKET WAGE BILL EMPLOYMENT LEVELS INFORMAL ECONOMY EDUCATIONAL ATTAINMENT LABOR–MARKET LABOR PRODUCTIVITY GROWTH WORKER INCOME INEQUALITY LABOR PRODUCTIVITY PRODUCTIVITY UNEMPLOYED PRODUCTIVITY CONVERGENCE DEBT MARKETS VOCATIONAL EDUCATION BUSINESS CYCLE LABOR PUBLIC WORKS PROGRAMS TOTAL EMPLOYMENT WAGE INCREASE SKILLED WORKER FEMALE LABOR PRODUCTIVITY GROWTH RATE UNEMPLOYMENT SKILL PREMIUM CONSUMPTION PRODUCTIVITY GROWTH HUMAN CAPITAL TRAINING SYSTEM VOCATIONAL TRAINING WORKERS CAPITAL UNEMPLOYMENT RATE LABOR DEMAND REAL WAGE AVERAGE WAGE COMPETITIVENESS INCOME DISTRIBUTIONS CLERKS MACROECONOMICS PRODUCTIVITY IMPROVEMENT DEMAND OCCUPATIONS AGGREGATE DEMAND INCOME DISTRIBUTION PRIVATE SERVICES UNION ACTIVITY UNEMPLOYMENT INCREASE ECONOMY EMPLOYMENT GROWTH JOB CREATION LABOR RELATIONS PRIVATE SECTOR HOUSEHOLD CHARACTERISTICS LABOR–MARKET REGULATIONS PUBLIC WORKS LABOR MARKET INDICATORS LABOR MARKET PERFORMANCE ECONOMIC SITUATION SKILLED LABOR MANAGEMENT EMPLOYMENT IMPACT TRADE TROUGH GDP EMPLOYMENT GROWTH RATES LABOUR FORCE SKILLED OCCUPATIONS CREATING JOBS FEMALE LABOR FORCE SUPPLY HOUSEHOLD CONSUMPTION LABOR INTENSITY LABOR SUPPLY HIGH UNEMPLOYMENT UNSKILLED WORKERS EDUCATIONAL LEVELS PRODUCTIVITY GAINS YOUTH UNEMPLOYMENT LABOUR LABOR MARKETS UNSKILLED LABOR PRIVATE SECTORS SMALL BUSINESSES PRICES PRIVATE ENTERPRISE EMPLOYEES
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Washington, DC
Africa | South Africa
2015-08-17T13:57:49Z | 2015-08-17T13:57:49Z | 2015-08-14

Global growth hit a soft patch at the start of 2015. In the first quarter it slowed to 2.0 percent, quarter on quarter (q/q) annualized, from 2.3 percent in the fourth quarter of 2014. The slowdown was reflected in a decline in global manufacturing activity, on the back of weak industrial production and goods trade data, especially in large emerging markets. Among high-income countries, economic activity is strengthening. Euro Area growth picked up to 1.6 percent in the first quarter of 2015 from 1.3 percent the previous quarter. Growth in Japan accelerated to 2.4 percent in the first quarter from 1.1 percent in the previous quarter. For the second quarter, despite the uncertainty surrounding Greece, the Euro Area Composite PMI in July remained close to a four-year high. Confidence indicators for the second quarter point to further improvements, while indicators in Japan also suggest continued, albeit moderate, growth.

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