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Unemployment can definitely get you down but there’s always a silver lining. Here are four industries where you’re most likely to find work.
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Unemployment is consuming South Africa and with the recent news from Stats SA that the rate hasn’t changed much — it’s not very reassuring.
However, not all hope is lost. In 2020, anything is possible and that includes finding a job to better your life or the lives of those you care about.
That’s why we’ve listed the four industries and sectors that are still keen to hire. If you think you have what it takes — apply, you never know where it could lead.
According to Stats SA, South Africa’s official unemployment rate changed very little and is at 29,1% in quarter four of 2019 compared to quarter three of 2019.
The number of persons employed increased by 45 000 in quarter four of 2019 to 16,4 million quarter on quarter.
“The unemployment rate for those aged 25-34 (35,6%) is more than double that of 45-54-year-olds (17,5%),” said Stats SA.
Here are some other important statistics to note:
Employment gains were mainly driven by Services (113 000), Finance (76 000), Transport (36 000) and Construction (12 000).
The service industry involves the provision of services to businesses as well as final consumers. This sector focuses on providing services rather than goods. This includes accounting, mechanic or plumber services, computer services, restaurants, entertainment, healthcare and tourism.
Think of it this way — if you’re offering a service to someone or a company, that is needed, you’re in the game and out of the unemployment boat.
Stats SA says the services sector was mainly driven by gains in sewage and refuse disposal and sporting and other recreation.
The financial sector comprises of a broad range of industries including banks, investment companies, insurance companies, and real estate firms.
Money essentially allows or disallows the world’s operation and so this is why skilled individuals are needed.
“This sector is mainly driven by gains in business activities N.E.C and monetary intermediation,” said Stats SA.
According to Investopedia, the transportation sector is a category of companies that provide services to move people or goods, as well as transportation infrastructure.
Technically, transportation is a sub-group of the industrials sector according to the Global Industry Classification Standard (GICS).
The transportation sector consists of several industries including air freight and logistics, airlines, marine, road and rail, and transportation infrastructure. These industries are then further broken down into sub-industries such as air freight and logistics, airlines, marine, railroads, trucking, airport services, highways and rail tracks, and marine ports and services.
“This industry was mainly driven by gains in other land transport, postal and courier activities and telecommunications,” it reported.
Large-scale construction requires collaboration across multiple disciplines. A project manager normally manages the budget on the job, and a construction manager, design engineer, construction engineer or architect, supervises it.
Those involved with the design and execution must consider zoning requirements, the environmental impact of the job, scheduling, budgeting, construction-site safety, availability and transportation of building materials, logistics, inconvenience to the public caused by construction delays and bidding.
“Mainly driven by gains in building of complete construction and building completion,” it added.
The largest employment losses were observed in the following sectors: