Korea's employment elasticity,... indicating the economy's ability to generate jobs,... has fallen to its lowest level in more than eight years.<br /> Using data from the Bank of Korea and Statistics Korea,... the employment elasticity figure is the number of jobs added... divided by the country's real GDP growth.<br />In the second quarter this year it was zero-point-one.<br />That means... even if the economy manages to expand... the chances that it'll lead to job growth are low.<br />The previous low point in employment elasticity was the first quarter of 2010,... when it was at zero-point-zero-seven..<br />At the time, the local economy was struggling to recover from the global financial crisis. <br />
