On Tuesday Stats SA shared the latest results from its quarterly employment statistics (QES) survey, showing that formal employment in the country took a 1.8% hit in late 2023, shedding 194,000 jobs from September to December.

Total employment in the formal sector dropped from 10.9-million in September to 10.7-million, underpinned by a hefty 13.5% decrease in part-time employment. Full-time employment decreased by just 5,000. Also in the “silver linings” column is that year on year, employment in both full-time and part-time groupings is actually up, by 0.1% and 7.6%, respectively...

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