Growth of new jobs added in June remains in 100-thousand level for 5 straight months
  • 6 years ago
The latest jobs figures show that there were a little over 100-thousand new jobs added in June.... as the country's job market continues to struggle in creating new jobs.
The current trend is the worst since the financial crisis a decade ago.
Won Jung-hwan reports.

The number of newly added jobs in South Korea remains in the one-hundred-thousand range for the fifth straight month in June,... keeping the employment rate at 67-percent,... unchanged from June 2017.
Statistics Korea's job report, released Wednesday, also showed a decline in employment in the manufacturing and education sectors.
The figures for newly added jobs are the worst recorded since the financial crisis a decade ago, which saw 18-straight months from September 2008 to February 2010 where less than 100-thousand new jobs were created per month.

The unemployment rate went up one-tenth of a percent to 3-point-7,... while the youth jobless rate fell to 9 percent, down nearly one-and-a-half percent on year.

Since May, the government has been using its 3-point-7 billion U.S. dollar extra budget to try and create more jobs for young people amid concerns about the high levels of youth unemployment.
The government aims to reduce youth unemployment to below 8 percent by 2021.
Won Jung-hwan, Arirang News.
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