Ina Opperman
Business Journalist
6 minute read
17 Dec 2021
2:21 pm

Covid-19 Insights Report: No job recovery in SA ‘scary’, says economist

Ina Opperman

South Africa is not following the global trend of job recovery where Covid-19 destroyed jobs.

Picture: iStock

No job recovery in South Africa is "scary", according to an economist commenting on the latest Covid-19 Insights Report, which shows that the pandemic did not only affect jobs last year, but mostly this year. The fact that 12% of respondents were unemployed last year and 17% this year is a big worry. “Although a small sample was used, it tells us how jobs were destroyed and then not created again. In the US the unemployment number peaked in the middle of 2020 at 14.8% and now it has dropped to just 4.2% thanks to job recovery. “Many countries have...