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Job unavailability rises

By Elorm Desewu

The number of jobs advertised in selected print and online media, which partially gauges labour demand in the economy, decreased in December 2021 relative to the corresponding period a year ago.

In total, 2,588 job adverts were recorded as compared with 3,157 for the same period in 2020, indicating a year on year decline of 18.0percent. On a month-on-month basis, however, the number of job vacancies in December increased by 2.9 percent.

The year-on-year decline in the number of jobs advertised reflected some of the difficulties faced by businesses as a result of the coronavirus pandemic, according to the Bank of Ghana, (BoG).

Cumulatively, the number of jobs advertised in 2021 increased marginally by 1.2 percent to 34,484 from 34,066 recorded in 2020.

Total number of private sector SSNIT contributors, which partially gauges employment conditions, improved to 820,297 (up by 11.7% year-on-year) in November 2021 compared with 734,132 for the same period in 2020.

Cumulatively, for the first eleven months of 2021, the total number of private sector contributors increased by 14.0 percent to 9,397,216 from 8,241,940 recorded over the corresponding period in 2020.

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