KZN Provincial Treasury - THE KWAZULU NATAL LABOUR MARKET â€" A PERFORMANCE AND TREND ANALYSIS12016-03-14 OVERVIEW OF KZN LABOUR MARKET â€" 4th QUARTER 2015
The population of working age is the sum of the labour force plus the not economically active population or the total number of residents between the age of 15 and 64 at any particular date or period. The table below (table 1) shows that the population of working age increased from 6, 360,000 in Q4:2011 to 6,739,000 in Q4:2015, i.e. by 379,000 or by 5.96% over the period. The labour force, on the other hand, increased from 3,047,000 in Q4:2011 to 3,181,000 in Q4:2015, i.e. by 134,000 or by 3.4% over the period. The number of people who are not economically active therefore increased from 3,313,000 in 4:2011 to 3,558,000 in Q4:2015, i.e. by 248,000 or by 7.49%. The total increase in the number of not economically active people is equal to the increase in the population of working age minus the increase in the labour force. Click below link to download Provincial Labour Market analysis: Provincial Labour Market 4.16.pdf - 140 KB Dr Clive Coetzee General Manager: Infrastructure Management and Economic Services KZN Provincial Treasury Economist (PhD UKZN) 033 897 4538 |
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