New jobs held by people in 20s, 30s decrease to record low in Q1
The number of new jobs held by people in their 20s and 30s fell to a record low in the first quarter, government data showed Sunday. A combined 2.36 million new jobs were held by people in their 20s and 30s in the January-March period, down 23,000 from a year earlier, according to data from the Korean Statistical Information Service, an online portal operated by the Ministry of Data and…
New jobs held by individuals in their 20s and 30s decreased to a record low in the first quarter, with government data revealing a sharp decline. In the January-March period, a combined 2.36 million new jobs were held by this age group, down 23,000 from the previous year, according to the Korean Statistical Information Service. This marked the lowest figure since the government began compiling such data in 2018.
The number of new jobs held by people in their 20s dropped by 26,000 to 1.34 million, also setting a record low. Meanwhile, new jobs held by people in their 30s increased by 3,000 to 1.02 million compared to the prior year. The majority of the overall decline was attributed to a contraction in manufacturing jobs, which saw a loss of 24,000 new positions.
Industry insiders suggested that the decrease in new jobs for younger people could be attributed to the shrinking population of this age group, weak hiring demand in manufacturing, and companies' preference for experienced workers.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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