(2nd LD) S. Korea adds 184,000 jobs in Aug., highest number in 5 months
SEOUL, Sept. 9 (Yonhap) -- South Korea added 184,000 jobs in August from a year ...
South Korea saw a significant surge in employment in August, adding 184,000 jobs, the highest increase in five months. The employment count rose to 29.15 million, up from 28.97 million a year earlier, as reported by the Ministry of Data and Statistics. This marked the largest on-year increase since March, despite the manufacturing sector struggling.
Job growth resumed in June after a decline in May, marking three consecutive months of job gains. The unemployment rate remained steady at 2%, with 588,000 people unemployed, a decrease of 4,000 from the previous year. The employment rate for those aged 15 and above stayed at 63.3%, unchanged from the prior year. However, the employment rate for the 15-29 age group dropped to 44.1%, a 1 percentage point decline from a year earlier, marking the 28th month of decline in this demographic.
The manufacturing sector shed 38,000 jobs, continuing a 26-month decline, while the agriculture, forestry, and fisheries industry lost 109,000 jobs. The healthcare and social welfare sector saw a 186,000 job addition, and the arts, sports, and recreation services sector added 73,000 jobs. The overall decline in jobs for young people, particularly in manufacturing, contributed to the overall decrease in employment for this demographic.
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