Employment rose to 29.13 million, but manufacturing lost 68,000 jobs, marking 25 straight months of decline
South Korea Adds 108,000 Jobs in July, Manufacturing Slips
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Summary
S. Korea adds 108,000 new jobs in July; manufacturing employment remains weak. The employment rate for those aged 15 to 29, on the other hand, fell 1.6 percentage points to 44.2 percent, declining on-year for the 27th consecutive month. The employment rate for people aged 15 to 64 came to 70.3 percent, rising 0.1 percentage point over the period.
Furthermore, Job growth turned positive again in June, rising by 63,000 after declining by 40,000 in May, the first drop in 17 months. The number of employed people came to 29.13 million in July, compared with 29.02 million a year earlier, according to data from the Ministry of Data and Statistics. Jobs in the manufacturing sector, in contrast, fell by 68,000 in July from a year earlier, marking the 25th consecutive month of decline.
In addition, The number of unemployed people totaled 776,000 last month, rising 50,000 from the previous year. The country's jobless rate came to 2.6 percent in July, up 0.2 percentage point from a year earlier. Construction-related jobs lost ground on-year for the 27th consecutive month.
Moreover, The unemployment rate for the age group, on the other hand, rose 1.3 percentage points to 6.8 percent, marking the largest on-year increase in more than five years.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
S. Korea adds 108,000 new jobs in July; manufacturing employment remains weak.
reliability moderate2/2 sourcesThe employment rate for those aged 15 to 29, on the other hand, fell 1.6 percentage points to 44.2 percent, declining on-year for the 27th consecutive month.
reliability moderate2/2 sourcesThe employment rate for people aged 15 to 64 came to 70.3 percent, rising 0.1 percentage point over the period.
reliability moderate2/2 sourcesJob growth turned positive again in June, rising by 63,000 after declining by 40,000 in May, the first drop in 17 months.
reliability moderate2/2 sourcesThe number of employed people came to 29.13 million in July, compared with 29.02 million a year earlier, according to data from the Ministry of Data and Statistics.
reliability moderate2/2 sourcesJobs in the manufacturing sector, in contrast, fell by 68,000 in July from a year earlier, marking the 25th consecutive month of decline.
reliability moderate2/2 sourcesThe number of unemployed people totaled 776,000 last month, rising 50,000 from the previous year.
reliability moderate2/2 sourcesThe country's jobless rate came to 2.6 percent in July, up 0.2 percentage point from a year earlier.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
Construction-related jobs lost ground on-year for the 27th consecutive month.
according to Yonhap NewsThe unemployment rate for the age group, on the other hand, rose 1.3 percentage points to 6.8 percent, marking the largest on-year increase in more than five years.
according to Yonhap News
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