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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 Jobless Rate Rises in May, Job Creation Lowest in Over 8 yrs

S. Korea’s Jobless Rate Rises in May, Job Creation Lowest in Over 8 yrs

SEJONG, Jun. 15 (Korea Bizwire) — South Korea’s jobless rate rose slightly in May due to a fall in employment in the retail, manufacturing and educational service sectors, while job creation remained sluggish, government data showed Friday. The unemployment rate stood at 4 percent last month, up 0.4 percentage point from a year earlier, marking [...]