Following the release of the latest Solidarity-ETM Labour Market Index (LMI), which showed a slight improvement in the third quarter, Solidarity has warned against premature talks of ‘green shoots’ of economic recovery.
The LMI increased from a downwardly revised 41,9 in Q2 to 42,5 in the third quarter of 2016. While some encouragement can be taken from the index rising for two consecutive quarters and not weakening further, the levels in Q3 remained weak and well below 50,0 – still pointing to a weakening environment for the labour market.
The Solidarity-ETM Labour Market Index forms part of the quarterly Solidarity-ETM SA Labour Market Report. In the fourth quarter’s edition: