UASA is deeply saddened and concerned with the recently released Quarterly Employment Statistics for the 2nd quarter of 2020.
Total employment decreased by 648 000 from March 2020 to June 2020 with the trading sector hit the hardest shedding 192 000 jobs in the quarter. Total employment decreased by 671 000 year on year between June 2019 and June 2020.
Basic salaries also decreased by R65.8 Billion (-9.9%) from R666.8 Billion in March to R601 Billion in June 2020.
The economic impact of the lockdown on an already weakened economy has been devastating. South African consumers are becoming poorer by the day and according to economists, this is going to be with us for some time to come.
UASA hopes the economic recovery plan that President Cyril Ramaphosa is unveiling to the two houses of parliament today will be enough to reignite the economy and take us out of the nose dive we currently find ourselves in.
We have already lost 2.2 million jobs during the 2nd quarter of 2020. With an expanded unemployment rate of 42.0%, the government needs to address the job crisis as a matter of urgency with no delay.
In the meantime, UASA encourages South Africans to continue to buy and use locally-made products and services. Let us do our part to help boost the economy and save jobs.
For further enquiries or to set up a personal interview, contact Stanford Mazhindu on 074 978 3415