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Moneyweb reports that CareerJunction’s latest employment insights report reveals a concerning trend in SA’s job market, with a notable decline in hiring activity during the second quarter (Q2) of 2024.
In Q2, hiring activity saw a 5% increase, but this was overshadowed by a year-on-year decline of 7.2%. Over the two-year period from Q2 2022 to Q2 2024, hiring activity decreased by 5.5%. The report highlights year-on-year declines or stagnation in key sectors including Administration, Office & Support (-13%), Business & Management (-3%), and Finance and IT (-21%). The report indicates that recruitment for Admin, Office & Support roles has been sluggish over the past four quarters. While IT hiring continues to decline, the demand for IT professionals remains robust. The finance sector has experienced little change in hiring year-on-year. According to the report, during Q2 2024 jobseeker engagement remained strong and increased by 20% year-on-year from Q2 2023 to Q2 2024, and by 13% over the past two years. IT professionals, who were previously headhunted, were more actively engaging with the job market as demand for their skills moderated. CareerJunction comments that report underscores a challenging landscape for SA’s job market, with declining hiring activity across key sectors. However, the increase in jobseeker engagement offers a silver lining, indicating a robust pool of talent actively seeking opportunities.
- Read the full original of the report in the above regard by Terri-Ann Brouwers at Moneyweb
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