Job prospects look better for fourth quarter, says survey
bdlive.co.za - Sep 11th 2014, 10:37
Employment prospects for the fourth quarter of this year have improved, although employers will not significantly increase staff levels due to subdued economic growth.
This is according to the fourth quarter Manpower employment outlook survey, released today.
Sectors in which employers that plan to hire people include agriculture, transport, and mining, while opportunities would be weakest in manufacturing, public services, finance, insurance, and business services sectors.
Manpower SA MD Lyndy van den Barselaar said SA’s economic challenges meant jobs would not be created as quickly as desired.
Ms van den Barselaar said hiring could remain lacklustre if the economy did not grow faster.
SA has a goal of reducing its unemployment rate to 6% by 2030.
The unemployment rate stands at more than 25%.
Of the 752 employers that participated in the survey, 10% expected to increase staffing levels, 5% forecast a decrease and 85% anticipated no change to their staff through the end of the year.
KADD Capital economist Elize Kruger said the fourth quarter was likely to "show some life in terms of economic growth and job creation".
The first half of the year was characterised by a wage strike at platinum mines, while the first month of the third quarter saw a wage strike by steel and engineering-sector employees.
Ms Kruger said sectors such as retail would probably record higher employment creation as retailers geared up for the festive season.
One of the surprises in the sectors that plan to increase jobs was mining, after mining houses’ announcements that they would close some shafts had sparked concerns about job losses.
Ms van den Barselaar said the jobs that would be created in mining in the fourth quarter were mainly "specialist skills and support staff".
The most optimistic hiring plans were reported in the agriculture, hunting, forestry and fishing sector, with an expected increase in employment of 12%.
Ms van den Barselaar said that while seasonal factors could have played a role in the hiring optimism of this sector, increased tourist spend especially in game hunting would also play a role.
The improvement in job prospects in the transport, storage, and communications sector was driven by growth in the information technology industry and an increase in the transportation of goods between SA and the other Southern African Development Community countries as trade increased, according to Manpower.
The most optimistic hiring plans were reported in agriculture, hunting, forestry, and fishing, with an expected 12% rise.From DFM Publishers (Pty) Ltd
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