arirang news

March report: unemployment still a major issue although economy is slowly recovering Updated: 2018-04-13 18:05:38 KST

The Ministry of Strategy and Finance released on Friday its monthly report on the nation's latest economic indicators.
The ministry highlighted various factors that reflect the country's current recovery pace, but it also pointed at risk factors that could hinder further growth, which was forecast to reach 3 percent in 2018.

One of those factors was unemployment.
The number of unemployed people in March reached more than 1.2 million, 120-thousand more than the period last year.
Meanwhile, youth unemployment rate rose point-3 percentage point from last month to 11.6 percent.
It's the worst in two years, after it reached 11.8 percent the same month in 2016.

The ministry also said that international trade disputes and the United States' interest rate hikes remain as risk factors that could affect the Korean economy.

Conversely, the upswing in exports has led to an optimistic trend in production, domestic consumption, and capital investment.
Exports have increased for the 17th consecutive month, with figures jumping more than 6 percent on-year, thanks to strong sales of semi-conductors, steel products and other key items.

And due to a soar in global demand for such products,. facility investments rose 1.3 percent from a month earlier.

Park Hee-jun, Arirang News.
KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트(텍스트)는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.