Today's Labour News

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solidariteitBusinessTech reports that the latest South African Labour Market Index (LMI) for Q1 2016 published by union Solidarity shows that the local labour market has declined in every key metric.  

The Solidarity LMI, compiled in collaboration with ETM Analytics, is based on employee confidence, labour affordability and the ETM business cycle metrics over the past quarter.  The index dropped sharply from a downwardly revised score of 44.6 in Q4 2015 to 38.6 in the first quarter of 2016 – a new low since the 2008/2009 financial crisis.  According to Gerhard van Onselen, economic researcher at the Solidarity Research Institute (SRI), the decline in the index is an indication of a deteriorating labour environment with slow wage growth, weak net employment and retrenchments in most sectors.

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