Other Stories

No. of people employed in S. Korea up 259,000 y/y in May: Statistics Korea Updated: 2019-06-12 13:05:14 KST

The latest report from the South Korean government shows new jobs are finally on the upswing.

According to Statistics Korea Wednesday, the total number of employed people in May was around 27.three million up 259-thousand on-year.
The increase was under the 200-thousand mark for 12 consecutive months until January, but the figure started to improve in February.

Last month's uptick was mainly due to more new jobs in the health and social work sectors, which jumped by 124-thousand.
Analysts say, this comes after the government created more public sector jobs in the field.
Jobs in accommodation and the food service sectors also saw an increase of 60-thousandthanks to more foreigners visiting South Korea.
The employment rate among people aged 15 to 64 marked 67.1 percent.marking the highest for the month of May since data was first compiled in 1989.

On a grimmer note, the number of jobs continues to decline on-year in the manufacturing sector, considered South Korea's key growth engine.
The number of employed people fell more than 70-thousand on yearand it has been falling on-year since April last year.
Analysts point to falling exports, especially to China, as the reason for the decline.
Latest data by Korea Customs Service show outbound shipments to China dropped by more than 26-percent on year during the first 10 days of June.
This is also related to a decrease in the number of jobs for people in their 30s and 40s in Mayand this raises a red flag as many people in that age range are supposed to be actively engaged in economic activities.

To improve the country's sluggish manufacturing industry, analysts suggest diversifying South Korea's export destinations.
Ko Roon-hee, Arirang News.
Reporter : krh@arirang.com
KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트(텍스트)는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.
weather