BusinessTech reports that job and wage security remained weak in the second quarter of 2016 – caught up in a labour environment of declining job and wage security that has lasted for almost six years since 2011.
This is according to the quarterly Labour Market Index (LMI) compiled by the trade union Solidarity and ETM Analytics and released on Monday. The LMI is an index of employee confidence, labour affordability and the ETM Business Cycle Index, with 50 representing the break-even level between rising and falling job and wage security. The index increased marginally from an upwardly revised 41.2 in Q1 2016 to 42.1 in the second quarter of 2016, indicating continued difficult labour conditions. “Although there is some indication that the affordability of labour may have reached a turning point in the cycle, which could bring relief to employees, such a turnaround could only be confirmed in subsequent quarters,” said Gerhard van Onselen, economic researcher at the Solidarity Research Institute (SRI).
- Read this report in full at BusinessTech
- See too, Government blamed for battered economy, jobs market, at Fin24
- Access the full LMI Quarterly Report at Solidarity online
Get other news reports at the SA Labour News home page