No fewer than 431,0021 jobs were generated in
the first quarter of this year while the economy
generated 385, 913 jobs in the last quarter of
last year, the National Bureau of Statistics
(NBS), said yesterday.
The development shows an 11.69 per cent
increase between the two quarters.
According to the result of the survey issued by
the NBS, in the 4th Quarter of 2012, 152,018
jobs were created in the formal sector, 208,920
jobs in the Informal sector and 24,975 in the
public sector.
The formal sector it said, contributed 174,326
jobs to the total jobs generated in the 1st
Quarter of 2013, while the Informal and public
sectors generated 232,327 and 24,368 jobs.
The survey report sent by the NBS reads: “The
informal sector generated1/3 more jobs than
the formal sector in the same first quarter 2013.
However, the formal sector shows the greatest
increase between the two quarters of 14.68%
more jobs created than in the fourth quarter of
2012. Job creation in the Public sector is the
only area to exhibit a decline from the fourth
quarter of 2012 to the first of 2013.
“Analysis of the formal jobs created shows the
Education sector provided the most jobs in both
quarters, making up 50.35% of new jobs in the
fourth quarter 2012 and 39.49% in the first
quarter 2013. Financial Intermediation
contributed the second largest portion of 15.9%
of jobs created in the fourth quarter of 2012,
increasing by a further 6.60% points to 22.51%
in the first quarter of 2013. Mining and
quarrying generated the least employment in
the industrial sector, constituting just 0.14%
and 0.11% of all jobs created in the last quarter
2012 and the first of 2013 respectively. The
fastest growth in job creation comes from the
Wholesale and Retail Trade Sector, with
100.9% increase in job creation between the
two quarters. Substantial increases in the
number of formal jobs created also can be
found in Real Estate, Renting and Business
Activities, with 66.6% increase,
“Manufacturing with a 63.2% increase and
Financial Intermediation, with a 62.3% increase
in jobs created. Only two sectors witnessed a
decline in job creation between the two
quarters. Firstly, mining and quarrying which
created 10.9% fewer jobs than in the previous
quarter. Secondly in the Education sector,
which was not able to sustain its high rate of
job creation, witnessing a 15.86% point decline
in the number of jobs created relative to the
fourth quarter of 2012.
“The most cited reason for new employment is
‘Other’ which has a share of 11.36 and 11.46 in
Q4 2012 and Q1 2013 respectively. However,
reasons for employment are fairly equally
distributed over the two periods, with each
category retaining a 10-11% share of
responses; there is a less than 1% point
change in between categories across the two
periods even when looking at individual
sectors. However, although small, some
changes are notable. For instance, the greatest
increase of 0.80% comes from the promotion of
the occupant of the position, which eludes
towards an expansion of managerial positions
and an upward mobility within the workplace.
Secondly there is a 0.54% increase in job
creation due to a new skill being required in the
office, showing an increase in the technical
requirements of businesses.
“In Q4 of 2012, 119,905 full time formal jobs
created compared to 145,032 jobs in Q1 of
2013 indicating an increaseof20.96% infill time
employment between the two quarters. On the
other hand, part time employment 29,293 jobs,
which are a 9.62% decline on the Q4 2012
number of 32,112.The top three sectors that
produced the highest numbers of fulltime jobs
in Q4 2012, were Education, followed by
Financial Intermediation and then Health and
Social Work. In Q1 of 2013, the same sectors
maintained the top three positions for
generating fulltime jobs. This is indicative of the
huge investment of resources in these sectors,
particularly in the Education and Health
sectors.”
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