The recent unemployment data by Stats SA is proof that we need a Jobs Summit to develop a jobs plan for the country
28 June 2017
The recent unemployment data released by Stats SA that shows that the economy has shed close to 50,000 jobs in the last quarter, and almost 60,000 in the past year poses a significant , real and immediate challenge for the ANC led government. The upcoming ANC policy conference will have to come out with real and practical solutions to the ever-growing crisis of unemployment.
COSATU is not surprised by these numbers because there is no economy that can be expected to grow when gross earnings are also down more than 3 percent quarter on quarter. South African incomes are shrinking and the workers are highly indebted meaning that they have no money to spend on the economy. It is unfortunate that during this time of economic crisis there is a vacuum of leadership and policy incoherence on the side of an important and significant role player and social partner, our government.
The federation has been calling for a jobs summit to be convened to discuss retrenchments and employment creation long before the economy went into a technical recession. The Jobs Summit will help us develop a jobs plan for the country and not hope and wait for a miracle to help us with unemployment.
We also continue to argue that we need a to build the state’s capacity, restructure its organs and redefine its role in the economy. The state needs to actively participate and intervene in the economy if we are to address the inequality , deepening poverty and unemployment.