“Most of the job losses during August were in the formal sector, which shed 14 382 jobs,” Adcorp said in a statement.
“Permanent employment fell by 7 688 during the month, whereas agency employment increased by 1 083.”
According to the Adcorp Employment Index, employment fell at an annualised rate of 0.23%, following sharp declines of 3.1% in May, two percent in June, and stalled employment numbers in July.
After three months of falling employment, a jobs recession was a real prospect.
This occurs when there are six consecutive months of employment declines.
There was a trend towards the use of agency temps, and away from in-house temps as part of labour risk outsourcing…
via Adcorp: South Africa facing jobs recession | Business | Labour | Mail & Guardian.
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