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Outlook for labour market remains gloomy, data shows

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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.

 

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 /  🏆 49. in PT

Portugal Últimas Notícias, Portugal Manchetes

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