SEOUL: South Korea reported the largest job growth in more than seven years in September in the latest sign that the country’s job recovery has continued despite the fourth wave of the pandemic, data showed yesterday.
(Bloomberg) South Korea’s unemployment rate fell unexpectedly in August, defying economists’ expectations for a rise amid a surge in infections and tighter curbs.
The unemployment rate declined to 2.8% from 3.3% in July, the statistics office said Wednesday.
SEOUL (The Korea Herald/Asia News Network): The number of employed people reached 27.2 million last month, 652,000 more than a year earlier, according to the data compiled by Statistics Korea.
It marked the largest on-year increase since August 2014, when the number of employed people rose 670,000.
The April reading also marked the second straight month of the country reporting job additions.
In March, the number of working people increased by 314,000 from a year earlier, the first job growth in 13 months.
The Covid-19 pandemic has dealt a severe blow to the job market, with the country reporting job losses for the 12th straight month in February.
Job losses continue for 12th month in February amid pandemic
Posted : 2021-03-17 14:06
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South Korea reported job losses for the 12th straight month in February as the new coronavirus outbreak continued to deal a blow to the job market, data showed Wednesday.
The number of employed people reached 26.3 million last month, 473,000 fewer than a year earlier, according to the data compiled by Statistics Korea.
The country has reported job losses every month since March 2020 due to the fallout of the COVID-19 pandemic.
It marked the longest streak of job losses since April 1999, when the number of employed people fell for the 16th consecutive month.