Recession Starting To Take Effect On Primary Agricultural Employment Figures In SA
Wednesday, August 11th, 2010The primary agricultural has, in the second quarter of 2010, lost 32 000 jobs according to Stats SA. With the 100 000 jobs that was lost in the past year, the total number of employment is now 618 000. It therefore indicate that 13% of primary agriculture jobs have been lost in the past year compared to 5% of jobs lost in the total economy. It shows that the recession is starting to take effect on primary agricultural employment figures only now. Lower commodity prices create more pressure for the farmers as does the costly labour regulations, all adding to the lower employment on farms. To find out more on agribusinesses’ take on the loss of jobs visit the Agricultural Business Chamber website.
