Korea's employment elasticity, which indicates the economy's ability to generate jobs, has fallen to its lowest level in nine years.<br /> Based on 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 />Last year it was around 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 in 2009, when it was at minus zero-point-five.<br />At the time, the local economy was struggling to recover from the global financial crisis. <br />
