Today's Labour News

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Stats SABusiness Report writes that SA’s unemployment rate in the formal non-agricultural sector accelerated past the 10 million mark in the first quarter of 2020.  

Data on Tuesday from Statistics SA (Stats SA) from its Quarterly Employment Statistics (QES) survey showed that the formal non-agricultural sector shed 3,000 jobs during the period.  Stats SA said employment plunged to 10.2 million quarter-on-quarter as conditions in the labour market remained sluggish.  The agency reported that the decline was largely due to decreases in the trade, construction and manufacturing industries.  It noted that the manufacturing sector recorded an annual decrease of 28,000 employees, compared with a similar period last year, and a quarterly decrease of 2,000 employees from December 2019.  The QES survey showed community services, business services, mining, and transport recorded moderate lifts in employment during the quarter, while employment in the electricity industry remained unchanged.  Stats SA pointed lout that the QES survey was not indicative of the impact on employment of the Covid-19 pandemic as it looked at the period ending in March.  Investec economist Lara Hodes commented that Covid-19 added to an already grim picture.

  • Read the full original of the report in the above regard by Siphelele Dludla at Business Report

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