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No. of newly employed in S. Korea jumped by 165,000 y/y in Nov.

2018-12-12 1 Dailymotion

Jobs report for November is out and it shows... the number of newly employed people broke through the 100-thousand level for the first time since the summer,... but the overall unemployment rate.... is still stubbornly high.<br />Kim Ji-yeon gives starts us off. <br />The number of newly employed people in South Korea soared by 165-thousand last month compared to the same period last year... recovering to above the 100-thousand mark for the first time in five months.<br />This puts the total number of people in South Korea's workforce at just under 27-point-2-million.<br />Statistics Korea says the health and social services sectors accounted for most of the job gains... followed by telecommunications... and the farming and fisheries sectors.<br />An official from the agency said a rise in the number of foreign tourists visiting South Korea played a role,... adding it contributed to the bounce in the number of newly employed people in the wholesale and retail sectors... as well as the food and lodging sectors.<br />The youth unemployment rate dropped one-point-three-percentage-points from a year earlier to 7-point-9-percent in November... due to an improvement in the job situation particularly for those in their late 20s.<br />The number of newly employed people in the manufacturing sector, however, dropped by a staggering 91-thousand on-year last month... as the industry is still recovering from the aftermath of the restructuring process particularly in the auto and shipbuilding sectors.<br />South Korea's jobless rate, meanwhile, stood at three-point-two-percent, the highest level in nine years for the month of November,... as more people older than 60 try to enter the workforce and as the job situation among 30-somethings remains troublesome.<br />Kim Ji-yeon, Arirang News. <br />

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