Formal employment is stagnant ahead of pandemic’s peak
Stats SA quarterly employment statistics show little change in the first quarter
28 July 2020 - 18:17
Stagnant performance in formal sector employment during the first quarter of 2020, as reported by Stats SA on Tuesday, is the calm before the Covid-19 storm.
The pandemic and the economic lockdown accompanying it could potentially cause an estimated 1.5-million jobs losses by the end of 2020, according to Business for SA. The group expects the economy to contract between 8% and 10% and take a minimum of two years before it recovers to pre-coronavirus levels...
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