Outlook for labour market remains gloomy, data shows

  • 📰 eNCA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The outlook for the labour market remains gloomy, with some of the country's big firms announcing plans to cut jobs

Under the expanded definition of unemployment, which includes people who have stopped looking for work, the rate was 39.7 percent compared with 38.7 percent in the previous quarter.

The outlook for the labour market remains gloomy, with some of the country's big firms such as steel producer ArcelorMittal South Africa Ltd, food producer Tiger Brands andWith no significant government support offered during the lockdown to the informal, or unregulated, sector -- which according to the World Bank provides employment to 25-30 percent of South African workers -- the impact has been severe for many.

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:

 /  🏆 49. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

SA needs to focus on how COVID-19 will reshape its labour market[ANALYSIS] SA needs to focus on how COVID-19 will reshape its labour market
Source: eNCA - 🏆 49. / 51 Read more »

MARKET WRAP: Local markets subdued as investors await budgetGlobal market sentiment has been damped by fears of a second wave of Covid-19 infections, which could delay economic recovery
Source: BDliveSA - 🏆 12. / 63 Read more »