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Stats SABusinessLive writes that the increase in employment in the first three months of 2018 is unlikely to be sustained, mainly because of damped business confidence.  

The key driver of the job creation was the community and construction sectors, Statistics SA said on Tuesday.  However, after a weak performance by the manufacturing and construction sectors in the first quarter, which weighed on economic growth, this was unlikely to be sustained.  “Given just how poorly the manufacturing and construction sectors have performed, we are sceptical that the job gains in these two industries can be sustained,” said FNB senior economic analyst Jason Muscat.  Overall 56,000 jobs were created, but the trade and mining sectors had huge job losses.  While business and consumer confidence made a jump in the first quarter, this has begun to wane as confidence has fallen to levels in the pre-Ramaphosa period.  The increase in jobs did not suggest that the first quarter pick-up in business and consumer confidence resulted in any lift in private sector employment, said Muscat.  He added that the subsequent fall in the second quarter business confidence was a portend that there might be more job shedding in the second quarter.


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