Cash in circulation in Mozambique exceeds 67 billion meticais
New employment fell 15.6 percent in the last quarter of 2016
12:40 CAT | 02 Aug 2017
O País (File photo)
During October, November and December of 2016, 70,422 people were taken on, representing a reduction of 15.6 percent over the previous quarter.
The figures appeared yesterday in the Labour Market Newsletter, which states that direct admissions fell by about 14.4 per cent, employment centre placements by 71.3 per cent and District Development Fund (FDD) jobs by 57.6 percent.
Self-employment created 16.4 percent and fewer opportunities and labour hiring through other sources fell by 60.8 percent.
The hiring of foreign labour on the other hand registered an 11.1 percent increase, possibly owing to increased activity in the extractive and construction industries and the non-financial services sector. Hiring in the extractive industry stood out with a rise of 44.3 percent.
Launching the bulletin, Minister of Labour, Employment and Social Security, Vitória Diogo, said that the publication would help the government make the best decisions regarding jobs.
Source: O País
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