Sat, 25 Sep 2021

S.Korea's employment keeps growing for 6 months

15 Sep 2021, 13:30 GMT+10

SEOUL, Sept. 15 (Xinhua) -- South Korea's employment kept growing for six straight months in August, with jobless rate sliding to 2.6 percent, statistical office data showed Wednesday.

The number of those employed totaled 27,603,000 in August, up 518,000 from a year earlier, according to Statistics Korea.

Employment has continued to rise for the sixth consecutive month since March. The year-over-year growth of jobs stayed above 500,000 for three months, with 582,000 in June and 542,000 in July each.

The number of those unemployed was 744,000 in August, down 120,000 from a year ago.

Unemployment rate shrank 0.5 percentage points over the year to 2.6 percent in August, marking the lowest August figure since data began to be compiled in 1999.

The number of economically inactive population, who had no willingness to seek a job and remained unemployed, came to 16,758,000 in August, down 106,000 from a year earlier. It has kept falling for the sixth straight month.

More South Korea News

Access More

Sign up for South Korea News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!