South Africa: Employment Declines in First Quarter of 2016
The article details the Unemployment situation in South Africa in the early quarter of 2016-“The biggest job losses were observed in trade , manufacturing and in construction,despite the quarterly increase, employment in agriculture was lower compared to a year ago”.
Topics include Unemployment, causes and consequences of Structural and Cyclical Unemployment. The reason for the unemployment is the declining production in manufacturing and construction sectors coupled with continuing decrease in world wide Aggregate Demand and slump in the commodity markets . Explain with the National output and Labor Market diagrams.
Evaluation will cover effectiveness of Demand side and Supply side policies along with the added burden of Government support and Social security expenditure in short term and long term.