Johannesburg is creating a substantial number of new jobs in the right sectors. In a country facing a severe unemployment challenge, understanding where jobs have been created and lost in the local economy takes on special significance.
Paradoxically, the more successful an area is in creating jobs the more likely it is to attract an inflow of unemployed people looking for work. The result can be an increase in the unemployment rate, even though the economy is a net creator of jobs.
In 2004 the trade sector was the largest formal employer in the city, closely followed by the finance sector – although in absolute terms, many sectors have created new jobs between 1996 and 2004.