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Job Losses Extend into August amid Pandemic, Unemployment Rate Up to 3.1 pct

Job Losses Extend into August amid Pandemic, Unemployment Rate Up to 3.1 pct

SEJONG, Sept. 9 (Korea Bizwire) — South Korea lost about 274,000 jobs in August, marking a decline in the number of the employed for the sixth consecutive month, as the coronavirus pandemic hammered job markets, data showed Wednesday. The country’s jobless rate rose by 0.1 percentage point on-year to 3.1 percent in August, with the [...]

S. Korea’s Manufacturing Jobs Drop at Fastest Rate in Decade amid Coronavirus Slump

S. Korea’s Manufacturing Jobs Drop at Fastest Rate in Decade amid Coronavirus Slump

SEOUL, July 30 (Korea Bizwire) — Manufacturing jobs in South Korea decreased at the fastest rate in a decade last month as the coronavirus pandemic continued to weigh down the export-driven economy, government data showed Thursday. According to the labor ministry’s monthly report, the total number of workers on nonagricultural payrolls in June stood at [...]