South Korea’s job creation improves despite unemployed topping 1 million

SEOUL

Oct 13, 2018-

South Korea’s labor market conditions improved last month, though the number of those unemployed topped 1 million for nine straight months, a government report showed on Friday. The number of those employed totaled 27,055,000 in September, up 45,000 from a year ago, according to Statistics Korea. It was up from a rise of 3,000 jobs in August, but the job growth hovered below 100,000 for eight straight months. The September figure marked the third-lowest monthly increase this year. Those who were hired by manufacturers reduced 42,000 in September from a year earlier, after shrinking more than 100,000 for three months to August. The number of those who work in the eatery and lodging sectors tumbled 86,000 in the month, marking the biggest fall since the relevant data began to be compiled in 2014. The sharp fall was attributed to the lower number of Chinese tourists visiting South Korea and stiffer competition in the sectors. Job creation in the health, social welfare, information and communications, and agricultural industries increased last month, while those in the business facility management, rent services, wholesale and retail sectors declined. (XINHUA)

Published: 13-10-2018 09:14

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