SEJONG, Jan. 31 (Korea Bizwire) — South Korea’s unemployment rate calculated based on the number of full-time workers who work more than 40 hours per week slipped to the 50 percent level for the second straight year, a lawmaker said Sunday. The nation’s full-time equivalent (FTE) employment rate stood at 50 percent level for two [...]
SEOUL, March 17 (Korea Bizwire) — South Korea reported job losses for the 12th straight month in February as the new coronavirus outbreak continued to deal a blow to the job market, data showed Wednesday. The number of employed people reached 26.3 million last month, 473,000 fewer than a year earlier, according to the data [...]
SEOUL, Jan. 13 (Korea Bizwire) — South Korea reported the largest job loss in December since 1999 as a resurgence in new coronavirus cases dealt a blow to jobs in the service sector, data showed Wednesday. For the whole of 2020, the country also shed the largest number of jobs since 1998, when the country [...]
SEJONG, Oct. 16 (Korea Bizwire) — South Korea lost about 392,000 jobs in September, marking a decline in the number of the employed for the seventh consecutive month, as the coronavirus pandemic hammered job markets, data showed Friday. The country’s jobless rate rose by 0.5 percentage point on-year to 3.6 percent in September, with the [...]
SEJONG, July 15 (Korea Bizwire) — South Korea lost about 352,000 jobs in June, marking the fourth consecutive monthly decline in the number of employed people as the coronavirus pandemic hammers job markets, data showed Wednesday. The country’s jobless rate rose by 0.3 percentage point on-year to 4.3 percent in June, and the number of [...]
SEOUL, Jul. 16 (Korea Bizwire) — The number of unemployed college graduates in South Korea hit a record in the second quarter amid tightened job markets for young adults, government data showed Saturday. The number of jobless people with a bachelor’s degree and above reached 546,000 in the April-June period, up 11.8 percent from a [...]
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 [...]
SEOUL, Aug. 4 (Korea Bizwire) – South Korea’s government on Thursday halted the Seoul city’s controversial program of providing cash allowances to thousands of young jobseekers, which kicked off earlier this week. On Wednesday, the Seoul Metropolitan Government said it had selected a total of 3,000 applicants and would provide them with 500,000 won (US$448) [...]
SEJONG, May 11 (Korea Bizwire) – South Korea’s jobless rate fell in April as more people were hired in the accommodation and retail sectors, but the unemployment rate for young people still remained high, a government report showed Wednesday. The unemployment rate sank to 3.9 percent in April, from 4.3 percent in March. The seasonally [...]
SEOUL, Jul. 27 (Korea Bizwire) — The number of unemployed South Koreans in their 20s hit a new first-half record, data showed Sunday, adding to concerns over murky employment outlooks for the country’s younger generation. There were 410,000 unemployed people aged between 20 and 29 in the January-June period, the highest level since relevant data [...]