Sharp drop in employment for people in their 30s and 40s
- 6 years ago
New data suggest another setback in South Korea's struggle with unemployment.
The number of people with jobs in their 30s and 40s -- the primary work force -- has dropped sharply.
Statistics Korea said Sunday that among those in their 40s there were 88-thousand fewer people working in May than the same month last year,... and it's been falling for 31 months straight -- the longest decline on record.
For 30-somethings, there were 21-thousand fewer people working... for the 8th straight month of decline.
And overall, for people aged 15 to 64, the number of people working fell for a third month in a row,... the first time that's happened since the financial crisis in 2009.
But for older people, at least, in their 50s and 60s,... employment continues to rise compared to a year ago.
The number of people with jobs in their 30s and 40s -- the primary work force -- has dropped sharply.
Statistics Korea said Sunday that among those in their 40s there were 88-thousand fewer people working in May than the same month last year,... and it's been falling for 31 months straight -- the longest decline on record.
For 30-somethings, there were 21-thousand fewer people working... for the 8th straight month of decline.
And overall, for people aged 15 to 64, the number of people working fell for a third month in a row,... the first time that's happened since the financial crisis in 2009.
But for older people, at least, in their 50s and 60s,... employment continues to rise compared to a year ago.