Jobs bloodbath in first quarter as formal employment falls
Stats SA data shows a decrease in various sectors, though there were gains in some
Formal employment plunged in the first quarter, reflecting SA’s inability to create sufficient employment opportunities to absorb new entrants into the labour market and the government’s inability to drive employment-stimulating policies.
Stats SA’s Quarterly Employment Statistics survey published on Tuesday shows the economy shed 21,000 jobs on a quarterly basis in the first quarter of 2023, bringing the level of employment to almost 10-million. Compared with March last year, 97,000 jobs were lost in the 12-month period. The decrease was observed across various sectors, though some experienced job gains...
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