SA’s growing 'gig economy' signals weak business confidence

  • 📰 News24
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

While unemployment has remained stubbornly high in South Africa, more people have found part-time work in the country during recent years.

Between June 2018 and 2023, there has been a 27.8% increase in the number of people who are employed part-time. A lot of this growth came in the last year, where 150 000 found part-time employment between June 2022 and 2023. This represents a 13.2% increase in part-time employment.released by Stats SA on 28 September. The QES provides insight into employment trends in the formal sector of the South African economy.

In June of 2018, there were just over a million people who worked part-time in South Africa. In June 2023, the latest period for which data has been made available, there were 1.28 million people employed part-time. "It’s a familiar pattern. When the economy is in trouble and the future is uncertain, and there is growth, but businesses don’t have that much confidence in it, then businesses are much more likely to switch to temporary or part-time employment," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Personal Finance Archives - South Africa TodaySouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Source: SATodayNews - 🏆 44. / 51 Read more »