South Africa’s Job bloodbath will continue- Cosatu
According to the country’s Quarterly Employment Survey released on Monday, 15 000 were lost.
The Confederation of South African Trade Unions (COSATU) said while it was not surprised by what it called a “bloodbath”, there was need for a “jobs summit”.
We think it is going to get worse
“We need an emergency job summit to really reflect what this means for the economy going forward, we need a unique South African development model and look at what is wrong with our economy and how we can all work together,” COSATU’s Sizwe Pamla said, adding they were “no longer shocked” by such statistics.
“We need to stop jobs bloodbath. We are not going to have solution to the job losses if we go back to our own corners and the government is simply playing a neutral role.”
Pamla said the labour organisation wanted the government to be more decisive in dealing with unemployment.
“We think it is going to get worse, people are just not applying their minds on what is needed in the country,” he said.
Statistician-General, Pali Lehohla’s latest figures showed that the largest percentage of job losses was in the retail, hotel and restaurant sector.
The Quarterly Employment Survey collects data from the different sectors like mining, manufacturing, electricity and gas, construction, retail, business and community and personal services sector, and measures the level of employment and earnings per sector.
In the retail trade sector, 27 000 jobs were lost, while 7 000 people were retrenched in the hotels and restaurants industry.
Employment in the mining sector contracted for the sixth consecutive quarter, losing 4 000 employees in the first quarter of 2016.
Finance and business services lost 9 000 jobs after employment rose by 42 000 in the last quarter of 2015.
Unemployment rose by 0.2% to 9.2 million people in the formal non-agricultural sector.
According to the General Household Survey, released by Stats SA, the percentage of people that received social grants leaped from 12.7% in 2003 to 30.1% in 2015.