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Number of Discouraged Workers Hits New High in 2021

Number of Discouraged Workers Hits New High in 2021

SEJONG, Jan. 24 (Korea Bizwire) — The number of discouraged workers in South Korea touched a fresh all-time high in 2021 due to a weak job market amid the prolonged coronavirus pandemic, government data showed Monday. Asia’s fourth-largest economy had 628,000 discouraged workers, the largest tally since related data tracking began in 2014, according to [...]

Number of Discouraged Workers Hits Fresh Monthly High in June

Number of Discouraged Workers Hits Fresh Monthly High in June

SEJONG, July 19 (Korea Bizwire) — The number of discouraged workers in South Korea hit a new monthly high in June amid the prolonged coronavirus pandemic, government data showed Monday. Asia’s fourth-largest economy had 583,000 discouraged workers, up 46,000 from a year earlier, according to the data from Statistics Korea. It was the largest tally [...]

Number of Discouraged Workers Hits New High in 2019

Number of Discouraged Workers Hits New High in 2019

SEJONG, Feb. 27 (Korea Bizwire) — The number of discouraged workers in South Korea touched an all-time high in 2019, data showed Thursday, pointing to a tough employment situation amid an economic slowdown. Asia’s fourth-largest economy registered a monthly average of 533,000 discouraged workers last year, up 1.6 percent from a year earlier, according to [...]