Today's Labour News

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irrTimesLive writes that the changing structure of SA’s labour market means the country is unlikely to see any reduction in its high levels of unemployment.  

This was one of the key findings of the latest Fast Facts report published by the Institute of Race Relations (IRR) on Tuesday.  IRR analyst Gabriela Mackay commented:  “This is particularly worrying as the change in structure means that there is no longer a large low and semi-skilled sector capable of absorbing the bulk of the labour force lacking the skills and education to find jobs in the skilled sector.  Today‚ education is the key factor; the absorption rate is highest for those with a tertiary education‚ at 75.6%‚ while for those with matric it is 50.3%.”  Another worrying trend in the report is that SA’s overall labour force absorption remains low at 43.3%‚ with young black people being most affected by unemployment.  On the scope for creating jobs, Mackay said:  “It is unlikely that there will be any improvement‚ and we can expect to see a continuing trend of job shedding and increasing unemployment rates.”


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