SA sheds 133,000 formal non-farm jobs in the third quarter
Latest data emphasises the need for structural reforms, says Minerals Council chief economist
12 December 2024 - 18:01
UPDATED 12 December 2024 - 18:50
Recent data from Stats SA showed SA’s formal nonagricultural sector shed 133,000 jobs in the third quarter, pulling the level of employment down to 10.62-million jobs from 10.74-million in June.
Most of the third quarter’s job losses came from the community services industry, which shed 131,000 employees in the period — 128,000 of which were part-time roles, as temporary jobs created to run the May election, which boosted the second quarter reading, fell away in the third quarter. ..
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