Today's Labour News

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Stats SABusinessLive writes that the SA economy continues to bleed jobs, with Statistics SA reporting on Thursday that employment had declined by 34,000 jobs in the second quarter of 2017.  

The second-quarter employment survey has validated fears expressed by trade unions and analysts in the first quarter that the unemployment crisis in the country would worsen.  Formal non-agriculture jobs fell by 48,000 in the first quarter.  Stats SA said that while Thursday’s figures showed a gain of 13,000 jobs when compared with a similar period in 2016, the figures were unlikely to allay fears that the weakened economy was shedding jobs at a fast rate.  Mining and trade were recorded as having increased by 6,000 jobs, despite the thousands of retrenchment notices issued by mining houses in recent months.  Their affect will only be felt in the third quarter.  Second-quarter job losses were driven by the manufacturing industry with 13,000 jobs lost and the construction industry with 11,000 jobs lost.  Economist Thabi Leoka said the new figures pointed to an ailing economy and it was unlikely that it would improve.

Read this report by Theto Mahlakoana in full at BusinessLive

Read too, 34,000 South Africans lost their jobs in 2017 second quarter, says Stats SA, at Business Report


Get other news reports at the SA Labour News home page