COSATU's response to Adcorp Employment Index
The Congress of South African Trade Unions condemns the misinformation being peddled in the Adcorp Employment Index, which purports to show that 108 000 jobs were created in March, an increase of 84 000 from the February figure.
While COSATU will welcome any genuine good news on job creation, we cannot take these ‘findings' at face value, because Adcorp - a firm of labour brokers - is not an impartial analyst of the employment scene but a role player within it.
It is playing political and self-serving games around the unemployment crisis by publishing figures which cannot be verified objectively to back up its political views. We shall therefore wait for the more reliable figures from StatisticsSA before claiming that the unemployment tide is turning,
The federation's scepticism about Adcorp's ‘research' is reinforced by its bizarre ‘findings' about the unions. Without any attributable source, the report claims that "since 2006, trade unions have lost 129424 members, with total membership falling from about 3,5-million to roughly 3,3-million which translates to a loss of R95 773 760 a year in membership dues."
This certainly does not apply to COSATU-affiliated unions which on average are still growing, despite the global economic crisis and the accelerating casualisation of labour.