Jobs bloodbath: 7 out of 8 industries recorded employment losses

Jobs bloodbath: 7 out of 8 industries recorded employment losses

2021-11-30 07:34:00 PM

Jobs bloodbath: 7 out of 8 industries recorded employment losses

The unemployment rate in SA increased to 34.9% in the third quarter of 2021 — the highest since the start of the Quarterly Labour Force Survey in 2008, Stats SA has revealed.

Image:123RF/MilkosThe unemployment rate in SA increased to 34.9% in the third quarter of 2021 — the highest since the start of the Quarterly Labour Force Survey (QLFS) in 2008, Stats SA has revealed.On Tuesday Stats SA released the results of the QLFS for the third quarter of 2021, which show that the number of employed people decreased by 660,000 in the third quarter to 14.3-million.

Worse yet, the data showed “the unemployment rate according to the expanded definition of unemployment increased by 2.2 percentage points to 46.6% in quarter 3 2021 compared to quarter 2 2021”.According to the survey, the only employment increase was observed in the informal sector, while employment losses were observed in the formal sector, private households and the agricultural sector.

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Extension of short-term credit up and economy, jobs benefit: Altron indexThe extension of short-term credit, a key financial instrument for low-income households and micro-businesses, increased by 2.7% in the second quarter of 2021, according to the Altron Fintech Short-term Credit Impact Index.

BA to resume flights to SA but Mauritius sanction strands holidaymakersThe department of international relations and co-operation has confirmed that there are South Africans stranded at the Sir Seewoosagur Ramgoolam International Airport (SSR) in Mauritius.

‘Panic-driven decisions must end’: Madonsela slams reports calling Omicron ‘SA variant’With growing concerns over the new Covid-19 variant Omicron, former public protector Thuli Madonsela says leaders need to take ethical and purpose-driven decisions.

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Where is the new Covid-19 variant most prevalent in SA?President Cyril Ramaphosa said studies about whether Omicron was transmitted more easily between people and its impact on the increased risk of infection were ongoing. Not for everyone. I love to share this for the benefit of who’s sees and needs it: Investment has been so profiting and I withdrew last R18,000 after investing with iamcallaway_b this is a good set time to invest for the market I’d good now join the platform and thank me later

WATCH | 'Unjustified, discriminatory': Ramaphosa criticises travel bans while SA remains on level 1 lockdownPresident Cyril Ramaphosa slammed certain international countries for prohibiting travel to and from Southern Africa after the discovery of a new Covid-19 variant known as the Omicron variant. It serves him right, now we don't have to wait for karma, as you react you suffer the consequences immediately, this is the new Age of Aquarius, the Age of miracles, so people must be careful coz self sabotage takes effect immediately. Godspeed 🙏❤️👁️🌞 Omicron new ways of introducing microchips just getting the country familiar to the word micro 😭😭🙄🙄 He is weak president we ever had in this country