Number of newly added jobs in S. Korea falls below 100,000 in May
- 6 years ago
Another disappointing jobs figure,...
Statistics Korea says only 27 million people were employed in Korea last month, up a mere 72-thousand from the same period last year.
The dip in overall employment is mainly attributed to the country's manufacturing, retail, and educational service sectors.
In terms of the unemployment rate,... that figure rose slightly in May to reach four percent, up zero-point-four percent on-year.
And the story is even worse for young Koreans,... as the youth unemployment rate hit 10-point-five percent, the highest rate since the institute began recording the figures in 1999.
Statistics Korea says only 27 million people were employed in Korea last month, up a mere 72-thousand from the same period last year.
The dip in overall employment is mainly attributed to the country's manufacturing, retail, and educational service sectors.
In terms of the unemployment rate,... that figure rose slightly in May to reach four percent, up zero-point-four percent on-year.
And the story is even worse for young Koreans,... as the youth unemployment rate hit 10-point-five percent, the highest rate since the institute began recording the figures in 1999.