South Korea sees 2nd consecutive month of 1% jobless claim decline, but benefit recipients and payouts rise.
In September, South Korea saw a 1.0% decline in jobless claims for the second month in a row, with new applicants for job-seeking benefits falling to 81,000. This drop is attributed to reduced demand in education, health, and hospitality sectors. However, the number of benefit recipients rose by 1.8% to 601,000, with total payouts increasing by 2.8% to 962.5 billion won (approximately $709.1 million), indicating ongoing employment challenges.
October 14, 2024
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