Today's Labour News

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Stats SABL Premium reports that the construction, manufacturing and mining sectors were among industries that contributed to a decline in formal employment in the fourth quarter of 2023.

Formal employment in the fourth quarter decreased by 194,000 jobs, or 1.8%, quarter on quarter. The quarterly employment statistics (QES) survey results released by Stats SA on Tuesday showed total employment in the formal sector dropped from 10.9-million in September to 10.7-million in December. It was largely driven by a 13.5% decrease in part-time employment — especially in the community services sector, which lost 203,000 jobs over the period. Stats SA said full-time employment decreased by 5,000 jobs, driven by job losses in sectors such as construction, manufacturing and mining. According to Lisette IJssel de Schepper of the Bureau for Economic Research (BER), results from the latest RMB/BER business confidence index suggested that the building and construction sectors were likely to struggle again in the coming quarters. Hugo Pienaar, chief economist at the Minerals Council SA (previously called the Chamber of Mines), said the mining industry was likely to shed more jobs during the first half of 2024.

  • Read the full original of the report in the above regard by Denene Erasmus at BusinessLive (subscriber access only)
  • Read too, Formal non-agricultural employment loses 194,000 jobs, at The Citizen


Get other news reports at the SA Labour News home page