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Workers’ Day marks huge job losses around the world, exacerbated by the pandemic
1 May 2021
The coronavirus pandemic exacerbated a volatile, uncertain, complex and ambiguous world in terms of jobs. (Oupa Nkosi/M&G)
Monitor:
Covid-19 and the world of work.
South Africa shed 648 000 formal sector jobs in the second quarter of 2020 because of the economic effect of Covid-19, and unemployment stood at 32.5% in the fourth quarter of the same year, according to Statistics South Africa’s quarterly employment statistics survey.
It is against this backdrop that society should beam a light on the status quo of the drivers of economy, and what the future holds for workers as the world commemorates Workers’ Day on 1 May.