S.Korea’s job growth rises in July led by elderly workers

Quick Summary:

Construction field employment declined 81,000 on-year to 2.01 million in July, the biggest drop in the sector since 2013.

The employment rate for those aged 15 and above inched up 0.1 percentage point on-year to 63.3%, the highest rate for July since the government collected relevant data in July 1982.

Jobs were added mainly in the healthcare and social welfare field, information technology sector and transportation logistics industry, with on-year gains of 117,000, 82,000 and 65,000 in July, respectively.

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Article Details

Category: Economy

Markets: South KoreaOmanVietnam

Topics: On-year Growth July Korea Industry Number Information Rate Employment Declined Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 14:45:32 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 463 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 22073620

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