Number of newly added jobs y/y in July marks lowest in South Korea since January 2010

  • 6 years ago
More disappointing figures on the jobs front for South Korea.
According to Statistics Korea on Friday, around 27 million people were employed in South Korea last month.
That's up a mere five-thousand from the same period last year.
It's the first time since January 2010 that the number of newly employed people compared to the same month in the previous year has been that low.
In addition,... the number of new jobs added has remained in the 100-thousand range for six consecutive months in 2018.
This is significantly lower than last year's monthly average of additional jobs,... which stood at 316-thousand.
The overall jobless rate stood at three-point-seven percent in July,… up zero-point-three percentage point from the previous year.

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