SEJONG, June 10 (Korea Bizwire) — South Korea’s jobless rate surged to a 10-year high in May as the coronavirus pandemic hammered job markets, data showed Wednesday. The seasonally adjusted unemployment rate stood at 4.5 percent in May, marking the highest level since January 2010, according to the data compiled by Statistics Korea. The number [...]
SEJONG, May 13 (Korea Bizwire) — South Korea reported the sharpest drop in its April employment since 1999 as the coronavirus pandemic hammered job markets, data showed Wednesday. The number of employed people in South Korea stood at 26.56 million in April, 476,000 people fewer than a year ago, marking the biggest on-year decline since [...]
SEJONG, April 17 (Korea Bizwire) — South Korea reported its first on-year job loss since 2009 in March as the coronavirus pandemic began inflicting damage on the job market, data showed Friday. The nation lost about 195,000 jobs last month, marking the sharpest monthly decline since May 2009, when it lost some 240,000 jobs, according [...]
SEJONG, Feb. 26 (Korea Bizwire) — The jobless rate in the southeastern city of Geoje hit a new record of 7.1 percent in the second half of 2018, the highest level in South Korea, government data showed Tuesday. The figure marks the highest jobless rate for Geoje since the country started compiling jobs data for [...]
SEOUL, Aug. 17 (Korea Bizwire) — The number of jobs created in July fell to the lowest levels in over eight years, as Asia’s fourth-largest economy struggles with the fallout of corporate restructuring and stagnant domestic demand, data showed on Friday. The poor showing is a hard blow to the incumbent Moon Jae-in government, which [...]
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 [...]
SEJONG, May 8 (Yonhap) – The unemployment rate for the age group of 20s and 30s with no career experience hit a record high in the first quarter, due largely to a sluggish recruitment market and preference for hiring experienced workers, government data showed Saturday. The tally on the unemployed aged 20-39 who have never had a [...]
SEJONG, Jan. 23 (Korea Bizwire) – The number of unemployed people, when the definition is increased to include those who are studying or training to get a job, reached 4.53 million last year, state statistics showed Monday. While the official number of unemployed last year was 1.01 million, the “real” number that counts these people [...]
SEJONG, Oct. 12 (Korea Bizwire) – South Korea’s jobless rate rose in September from a year earlier due mainly to a protracted slowdown in the manufacturing sector and exports, a government report showed Wednesday. The unemployment rate in Asia’s fourth-largest economy stood at 3.6 percent last month, compared with 3.2 percent tallied a year earlier, [...]
SEJONG, Aug. 10 (Korea Bizwire) – South Korea’s jobless rate dropped slightly in July from a year earlier, with the unemployment rate for young adults also declining, a government report showed Wednesday. The unemployment rate in Asia’s fourth-largest economy stood at 3.5 percent last month, compared with 3.6 percent tallied in June, according to the [...]