South Korea's employment increased by 172,000 in July, driven by the elderly; jobless rate fell to 2.5%.
South Korea's employment increased by 172,000 in July, with the overall job expansion driven by the elderly, while employment among 15-29 and 40s age groups declined. The number of unemployed decreased to 737,000, and the jobless rate dropped to 2.5%. Industries with the highest job growth included health, information, and transport sectors. Manufacturers faced a decline, with job losses in construction and wholesale/retail sectors.
August 14, 2024
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