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Business Report writes that the figures in last week’s employment statistics that reflect a jobs bloodbath seem to be exaggerated, according to labour economist Neva Makgetla.
She is the programme manager at Trade and Industrial Policy Strategies and says the figures in the Quarterly Labour Force Survey seem unreliable, in part due to the shift to a new master sample. Statistics SA reported the country lost 355,000 jobs from the last quarter of 2015 to the first quarter of 2016, an astonishing 2.2% employment decline in a single quarter. Makgetla said in her new policy brief released on Monday: “The data likely reflect an effective correction to overestimates of job creation in the previous four quarters, rather than a sharp contraction in the real world.”
- Read this report by Wiseman Khuzwayo in full at Business Report
- Read too, Job bloodbath ‘not so’, say some analysts, at The New Age
Get other news reports at the SA Labour News home page