Latest South African Job Market Trends
The South African job market is in a constant state of evolution. These are the current trends and people shaping the market.
Who are the job seekers?
According to Marc Privett, Head of Product and Customer Insights at Careers24, the South African youth are taking over the job market. Career24 research reveals that their job seekers are evenly split between male and female, are predominantly black (65%), living in Gauteng (45%), with a tertiary qualification (59%), and is between the age of 21 – 30 (60%).
Pivett explains that these young, educated job seekers are much more selective of their roles, undergoing much research into companies of interest. “The activity on our platform clearly shows that young, educated and upwardly mobile job seekers are doing more and more research on the companies they want to work for. In fact, one of the more popular employers was viewed more than 150,000 times in the last quarter. If anything, this shows that the market is slowly changing to one where new job seekers would rather work for a company which suits them,”. [Source: Careers24]
Job creation
Job creation is still lacking in South Africa. According to the figures from the Quarterly Employment Statistics (QES) survey, released by Statistics South Africa, the total number of jobs reported in the second quarter (March 2018-June 2018) showed a decrease of 69 000. This brings the total number of persons employed in the formal non-agricultural sector of South Africa to 9 748 000. Job loss in the second quarter of 2018 has been experienced across a variety of industries, including the Mining industry (2 000), Manufacturing (13 000 jobs), and Transport (2 000 jobs).
However, its not all bad news. There has been an increase in jobs since June of 2017. Between June 2017 and June 2018, Employment increased by 13 000 or 0,1% year-on-year. Industries that showed an increase in job creation include the trade and business services industry with the addition of 7 000 jobs each, as well as the Construction industry with an addition of 1 000 jobs.
[Source: States SA]What has been your experience in the job market? Let us know in the comments below!
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