{"id":772903,"date":"2024-05-21T11:59:00","date_gmt":"2024-05-21T09:59:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=772903"},"modified":"2024-05-21T12:20:53","modified_gmt":"2024-05-21T10:20:53","slug":"trouble-for-jobseekers-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/772903\/trouble-for-jobseekers-in-south-africa\/","title":{"rendered":"Trouble for jobseekers in South Africa"},"content":{"rendered":"\n<p>Hiring activity in South Africa is down, with more job seekers fighting for the few jobs available. <\/p>\n\n\n\n<p>According to CareerJunction&#8217;s latest employment insights for Q1 2024, hiring activity dropped by 11% compared to Q1 2023.<\/p>\n\n\n\n<p>&#8220;Slowing hiring activity evident in the South African recruitment market may be partly attributed to<br>current economic uncertainty,&#8221; said CareerJunction. <\/p>\n\n\n\n<p>&#8220;Economic instability or uncertainty, whether domestic or global, can dampen business confidence and investment, leading companies to be cautious about expanding their workforce.&#8221;<\/p>\n\n\n\n<p>&#8220;Factors such as fluctuations in commodity prices, political instability, or changes in government policies can all contribute to economic uncertainty.&#8221; <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-64.png\"><img loading=\"lazy\" decoding=\"async\" width=\"466\" height=\"388\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-64.png\" alt=\"\" class=\"wp-image-772905\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-64.png 466w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-64-300x250.png 300w\" sizes=\"auto, (max-width: 466px) 100vw, 466px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: CareerJunction<\/figcaption><\/figure><\/div>\n\n\n<p>Overall, none of the four specific sectors looked at by CareerJunction saw an increase in hiring activity, with the IT sector the hardest hit: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Admin, Office &amp; Support &#8211;<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"> down 9% year-on-year<\/mark><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business &amp; Management &#8211; <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">down 7% year-on-year<\/mark><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Finance &#8211;<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"> down 9% year-on-year<\/mark><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IT &#8211; <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">down 26% year-on-year <\/mark><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-businesstech wp-block-embed-businesstech\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"M5WhsI2LEP\"><a href=\"https:\/\/businesstech.co.za\/news\/government\/771837\/unemployment-rate-ticks-higher-in-south-africa\/\">Unemployment rate ticks higher in South Africa<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Unemployment rate ticks higher in South Africa&#8221; &#8212; BusinessTech\" src=\"https:\/\/businesstech.co.za\/news\/government\/771837\/unemployment-rate-ticks-higher-in-south-africa\/embed\/#?secret=5tRmlq8UgB#?secret=M5WhsI2LEP\" data-secret=\"M5WhsI2LEP\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>CareerJunction said that analysing jobseeker engagement &#8211; the number of applications per job advert &#8211; allows for insightful market views of labour dynamics. <\/p>\n\n\n\n<p>Although jobseeker engagement is usually high during the first quarter of the year, it increased significantly by 13% from Q1 2023 to Q1 2024, indicating elevated competition in the job search market.<br><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/careerjunc-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"466\" height=\"394\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/careerjunc-1.jpg\" alt=\"\" class=\"wp-image-772907\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/careerjunc-1.jpg 466w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/careerjunc-1-300x254.jpg 300w\" sizes=\"auto, (max-width: 466px) 100vw, 466px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: CareerJunction<\/figcaption><\/figure><\/div>\n\n\n<p>All four specific sectors saw increases in jobseeker engagement activity, with the IT sector seeing the most significant increase: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Admin, Office &amp; Support &#8211;<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"> Up 2% year-on-year<\/mark><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Business &amp; Management &#8211; <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">Up 7% year-on-year<\/mark><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Finance &#8211;<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"> Up 10% year-on-year<\/mark><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IT &#8211; <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">Up 24% year-on-year <\/mark><\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Rough start to the year <\/strong><\/p>\n\n\n\n<p>Despite the start of the year typically being the time when the most hiring activity occurs, the first quarter of 2024 even saw a drop in hiring activity from Q4 2024. <\/p>\n\n\n\n<p>Hiring activity decreased for IT (-15%), Business &amp; Management (-7%), and Finance (-6%)  professionals quarter-on-quarter. <\/p>\n\n\n\n<p>No sector saw growth in hiring activity in the three months from the prior quarter. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-63.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"341\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-63-1024x341.png\" alt=\"\" class=\"wp-image-772904\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-63-1024x341.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-63-300x100.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-63-768x256.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/image-63.png 1047w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: CareerJunction<\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/businesstech.co.za\/news\/finance\/772858\/more-pension-pain-on-the-cards-for-south-africans-coronation\/\">More pension pain on the cards for South Africans: Coronation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa&#8217;s job market is more competitive, with the current economic uncertainty a potential reason for a drop in hiring activity. <\/p>\n","protected":false},"author":95,"featured_media":647205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[9405,26],"class_list":["post-772903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-career-junction","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/772903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=772903"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/772903\/revisions"}],"predecessor-version":[{"id":772946,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/772903\/revisions\/772946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/647205"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=772903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=772903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=772903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}