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South Africa formal unemployment rises again

Unemployment in South Africa has risen again, according to a recent report by StatsSA, driven primarily by job losses in the Government and Construction sectors

The total number of jobs in the formal, non-agricultural segment fell by 161 thousand during the period June 2014 to June 2015. Nearly 80% of the loss was in the Government sector, with another 13% contributed by the construction industry.

Although both the business services and retail & trade industries saw a net increase in jobs, this was not sufficient to offset the significant decline in other sectors. The business services and retail & trade industries created a total of 20 thousand over this period.

 

The net job loss is reported amidst broader concern about the SA economy, which saw a contraction in GDP in Q2 and the rand reaching a 14 year low against the dollar.

 

The increase in jobs in the retail and business service sectors indicates that these sectors continue to exhibit strength and may constitute drivers of job creation in the future. Businesses in these verticals should continue to support growth by ensuring they have sufficient talent in place and have the right recruitment processes and tools to support this in a cost-effective manner.

 

About Giraffe

Giraffe is a job board that automatically screens candidates so you don’t have to. Giraffe enables South African businesses to recruit medium-skilled staff faster and more affordably than any other recruitment method. Because Giraffe has automated the boring parts of the recruitment process– candidate sourcing and screening– business owners and recruiters can focus on more important tasks like interviewing the best candidates and managing retention. Simply post a job on Giraffe. Let Giraffe automatically screen candidates as they apply. Log in, see which candidates have passed your screening, listen to their voice notes and hire the best ones! 

To post a job on Giraffe click here

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