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sriSolidarity reports that in the first quarter of 2018 the Solidarity-ETM Labour Market Index halted its continuing improvement seen since the first quarter of 2016.  The index is an indicator of job and wage security in the SA labour market.  

The index fell back from 50 in Q4 2017 to 49 in Q1 2018.  At 49, the index remained below its neutral level, indicating that challenging labour market conditions persisted in the first quarter of 2018.  Gerhard van Onselen, economics researcher at the Solidarity Research Institute (SRI), noted that employee confidence, a subcomponent of the index, remained elusive in the first quarter dropping from 50 (in Q4 2017) to 48.  “The first quarter results of the Solidarity member survey showed no positive response in perceptions of job security in response to the political optimism surrounding the Ramaphosa presidency,” Van Onselen noted.  He added that:  “It is noteworthy that the index is persisting at neutral levels despite relatively stronger global and domestic economic conditions we’ve been observing since early 2016.  In essence, the political optimism since the first quarter is still weighed down by damaging policies, already enforced and newly proposed.”  The latest Labour Market Report also contains macroeconomic features on the domestic economy and the global economy, as well as a feature on ‘The post-Zuma era - How confident are households and businesses really?’

  • Read Solidarity’s press statement in this regard and download the full Labour Market Report at Solidarity News

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