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Number of newly employed increased by 45,000 y/y in Sept.

2018-10-12 8 Dailymotion

South Korea's job figures somewhat improved in September... following a string of lackluster data in the previous months as the country added less than 5-thousand newly employed people... compared to the same period last year.<br />Kim Ji-yeon reports on the latest figures. <br />The number of newly employed in Korea climbed modestly in September,... providing partial relief after the employment shocks seen in the months of July and August.<br />Data by Statistics Korea shows... 45-thousand people were newly employed in September... with the total number of people in the workforce tallied at over 27-million.<br />The health and social services sectors accounted for most of the job gains,... followed by telecommunications... as well as farming and fisheries sectors.<br />Meanwhile, the number of newly employed people in the rental services, wholesale and retail sectors... as well as lodging and food industries dropped on-year last month.<br />The statistics agency says the down trend in the services sectors are mainly due to heightened competition and a dip in the number of Chinese tourists visiting Korea.<br />The number of new jobs in the manufacturing sector meanwhile, rose by a mere 42-thousand last month compared to a year ago... mainly due to the prolonged slump in the shipbuilding and auto sectors which have been undergoing restructuring.<br />Korea's jobless rate overall stood at 3-point-6-percent last month which is a zero-point-three-percentage-point increase from the same period last year.<br />The youth unemployment rate decreased by zero-point-four-percentage-points on-year to stand at eight-point-eight-percent... but the real youth unemployment rate rose to its highest level since related data was first compiled in 2015 to 22-point-7-percent last month.<br />Kim Ji-yeon, Arirang News. <br />

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