According to the Business Report report, Adcorp says that since its peak in 1993, labour productivity had fallen by 41,2%. Moreover, employment levels stalled in July this year, growing at an annualised rate of just 0,23%, according to the Adcorp Employment Index.
The figures show there were declines in construction (-11,7%), manufacturing (-3,6%), and financial services (-4.4%). Mining jobs grew by 8,1%, transport and communication by 4,3%, and wholesale and retail trade by 3,5%. Informal sector employment rose for the 13th consecutive month, with a 1,9% gain in July, reports Business Report.
Read the full article on www.iol.co.za/business.
![[Orchids & Onions] A pat on the back to these sharp pencils](https://biz-file.com/c/1508/302675.jpg)
