US employment growth vs SA's job losses explained

Loading player...
In this podcast, STANLIB Asset Management’s Chief Economist, Kevin Lings, examines the latest US and South African employment data, exploring why the US economy continues to create jobs while South Africa's formal sector employment remains under pressure.

In June, the US added 57,000 non-farm jobs, supporting steady economic growth despite ongoing global uncertainty. Meanwhile, South Africa lost approximately 80,000 jobs in the first quarter of 2026, with formal sector employment declining by 431,000 jobs over the past 2.5 years.

Discover what these employment trends reveal about economic growth, fixed investment, business confidence, and the outlook for investors. This episode provides expert analysis of the latest labour market data and explains what it could mean for the South African economy, global markets, and long-term investment opportunities.
6 Jul English South Africa Investing · Business News

Other recent episodes

US economy still growing jobs; SA heads for municipal coalitions

The US economy continues to add jobs, with unemployment falling to 4.1% and little evidence that AI is reducing employment. In South Africa, the local government election results point to a changing political landscape and the possibility of municipal coalitions across several provinces. In this podcast, STANLIB Chief Economist Kevin…
9 Nov 15 min

US economic growth broadens in Q3; SA’s GDP bigger than previously estimated

In this podcast, STANLIB’s Chief Economist, Kevin Lings, discusses the areas of strength and weakness in US GDP growth of 3.4% in Q3 2026, which was relatively broad-based. He also explores why the Fed decided to hold interest rates unchanged. Kevin discusses Stats SA’s re-basing and recalculation of GDP, which…
2 Nov 16 min

SA is not yet seeing second-round inflation effects: Kevin Lings

In this podcast, STANLIB’s Chief Economist, Kevin Lings, analyses the details behind SA’s below-expectation increase in inflation in September, to an annual rate of 4.5% from 4.4%. While fuel inflation is 27.9% y/y, it has not yet fed into other categories – e.g. food inflation is only 1% y/y, though…
26 Oct 10 min

MTBPS 2026 shows evidence of positive fiscal progress

In this podcast, Kevin Lings, Chief Economist at STANLIB Asset Management, highlights what was positive and what was disappointing in today’s Medium-Term Budget Policy Statement. He discusses how achievable the revenue and expenditure targets are, and stresses the need for stronger policy measures to push SA’s growth rate up to…
21 Oct 16 min