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Last Update -Tuesday 21 October 2014, 05:05

‘Vigorous’ labour market reforms needed, says ratings agency S&P

Key challenges facing SA were unemployment and a widening current account deficit, ratings agency Standard & Poor’s (S&P) said yesterday. Chief economist Jean-Michel Six called for “vigorous labour market reforms and a skills development push” to address unemployment. He also said the reduction in the unemployment rate from 25% to 24% last year was misleading because of the rise in the number of discouraged workers, which reduced the size of the workforce.

 

More labour headlines are at the SA Labour News homepage

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