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BDLive reports that statistician-general Pali Lehohla says that SA’s low growth will leave many people outside the labour market, with about 400,000 people failing to find employment every year.
The economy has since the recession in 2009 managed to create some 200,000 jobs per year. Growth slowed to 1.3% in 2015 and is expected to slow even further to almost 0.5% in 2016. Lehohla indicated: "Without economic growth there can’t be jobs. The entry [of new people] into the labour market comes at about 600,000 every year so there are 400,000 people who will go without jobs. So the situation is a bit dire."
- Read this report by Ntsakisi Maswanganyi in full at BDLive
- Read too, SA could be clawing its way to better growth, at Fin24
Get other news reports at the SA Labour News home page