No. of newly employed in S. Korea jumped by 165,000 y/y in Nov.
- 5 years ago
Jobs report for November is out and it shows... the number of newly employed people broke through the 100-thousand level for the first time since the summer,... but the overall unemployment rate.... is still stubbornly high.
Kim Ji-yeon gives starts us off.
The number of newly employed people in South Korea soared by 165-thousand last month compared to the same period last year... recovering to above the 100-thousand mark for the first time in five months.
This puts the total number of people in South Korea's workforce at just under 27-point-2-million.
Statistics Korea says the health and social services sectors accounted for most of the job gains... followed by telecommunications... and the farming and fisheries sectors.
An official from the agency said a rise in the number of foreign tourists visiting South Korea played a role,... adding it contributed to the bounce in the number of newly employed people in the wholesale and retail sectors... as well as the food and lodging sectors.
The youth unemployment rate dropped one-point-three-percentage-points from a year earlier to 7-point-9-percent in November... due to an improvement in the job situation particularly for those in their late 20s.
The number of newly employed people in the manufacturing sector, however, dropped by a staggering 91-thousand on-year last month... as the industry is still recovering from the aftermath of the restructuring process particularly in the auto and shipbuilding sectors.
South Korea's jobless rate, meanwhile, stood at three-point-two-percent, the highest level in nine years for the month of November,... as more people older than 60 try to enter the workforce and as the job situation among 30-somethings remains troublesome.
Kim Ji-yeon, Arirang News.
Kim Ji-yeon gives starts us off.
The number of newly employed people in South Korea soared by 165-thousand last month compared to the same period last year... recovering to above the 100-thousand mark for the first time in five months.
This puts the total number of people in South Korea's workforce at just under 27-point-2-million.
Statistics Korea says the health and social services sectors accounted for most of the job gains... followed by telecommunications... and the farming and fisheries sectors.
An official from the agency said a rise in the number of foreign tourists visiting South Korea played a role,... adding it contributed to the bounce in the number of newly employed people in the wholesale and retail sectors... as well as the food and lodging sectors.
The youth unemployment rate dropped one-point-three-percentage-points from a year earlier to 7-point-9-percent in November... due to an improvement in the job situation particularly for those in their late 20s.
The number of newly employed people in the manufacturing sector, however, dropped by a staggering 91-thousand on-year last month... as the industry is still recovering from the aftermath of the restructuring process particularly in the auto and shipbuilding sectors.
South Korea's jobless rate, meanwhile, stood at three-point-two-percent, the highest level in nine years for the month of November,... as more people older than 60 try to enter the workforce and as the job situation among 30-somethings remains troublesome.
Kim Ji-yeon, Arirang News.