FOR­MAL SEC­TOR JOBS LOST

Finweek English Edition - - Economictrends -

SOUTH AFRICA’S for­mal sec­tor – by far the biggest em­ployer in the coun­try – also saw the most job losses in the first quar­ter. Stats SA’s Quar­terly Labour Force Sur­vey shows more than half of the jobs lost in first quar­ter 2010 (140 000) were in the for­mal sec­tor. The num­ber of dis­cour­aged work seekers surged by 153 000 in the first quar­ter.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.