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South Africa: Nation Faces Jobs Recession - Adcorp
SAPA, 10 September 2012
South Africa faces a real prospect of a jobs recession, recruitment group Adcorp said on Monday, as employment numbers fell for the third month. Read more »
Is South Africa Facing a Jobs Recession?
Most job losses during August were in the formal sector, which shed 14,382 jobs as employment numbers fell for the third month.
According to the Adcorp Employment Index, employment fell at an annualised rate of 0.23 percent, following sharp declines of 3.1 percent in May, two percent in June, and stalled employment numbers in July.
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