Small businesses bore the brunt of the job-shedding, losing 144,000 positions, the ADP data said, which Richardson said had erased most of the job gains made in December 2021.
The service sector accounted for the majority of the job losses, with overall employment falling 274,000.
Most severely hit was the leisure and hospitality sector, which has borne the brunt of past layoff waves and lost 154,000 positions in January. Ian Shepherdson of Pantheon Macroeconomics said ADP can differ widely from the government payroll data, and Omicron's severity is influencing the latest reports.
"These data, and probably February’s too, will always be asterisked; they tell us nothing about the underlying state of the labor market," he wrote in an analysis. "The first fully post-Omicron report will be for March, and recent history suggests all the lost ground won’t be recovered immediately."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Absa fraud accused spent R200,000 on clothes in one day, court hearsXolela Masebeni and his wife Athembile Mpani, who are applying for bail, allegedly defrauded the bank of R103m
Read more »
Absa fraud accused spent R200,000 on clothes in one day, court hearsXolela Masebeni and his wife Athembile Mpani, who are applying for bail, allegedly defrauded the bank of R103m
Read more »
Absa fraud accused spent R200,000 on luxury clothing in one day, court toldXolela Masebeni and his wife Athembile Mpani allegedly defrauded the bank of R103m
Read more »
Cell C and MTN have cheaper monthly data bundles compared to Vodacom’s 20GB over R1,000Network providers Telkom, Cell C, MTN, and Vodacom are known for offering competitive prices for prepaid data deals or packages.
Read more »
Pair accused of R103m Absa fraud get R50,000 bail eachAbsa IT specialist and wife who allegedly swindled banking giant are given the benefit of the doubt
Read more »
Good Guide to the Ultimate Lifestyle Boost and your share to win R10 000!1. Eat as much fresh seasonal fruit and veg as possible! These contain the highest amounts of vitamins and nutrients, packed with good sugars for brain energy.
Read more »