Regular employment rises among older workers in Q3, falls among youth
More than 70 percent of the increase in regular employees in Korea in the third quarter came from workers aged 60 and older, while the figure for workers in their 20s and 30s declined, the statistics ministry said Sunday. The number of regular workers came to 16.84 million in the July-September period, up 167,628 from a year earlier, according to the Ministry of Data and Statistics. While those…
In the third quarter of 2023, employment among older workers in South Korea saw a significant rise, while the number of jobs for younger workers declined, the statistics ministry reported. The total number of regular workers reached 16.84 million, marking a 167,628 increase from the same period last year, according to the Ministry of Data and Statistics.
Among all regular employees, those aged 60 and older accounted for less than 14%, yet their numbers grew by 125,573 compared to a year ago, representing 74.9% of the total increase, highlighting the aging population of the country. However, younger workers in their 20s experienced a decline of 82,836 jobs in the third quarter, marking the 15th consecutive quarter of decline since the first quarter of 2023.
Additionally, employment for those in their 30s also dropped by 3,711 compared to the previous year, despite a population increase of 81,433. An August survey conducted by the ministry indicated that approximately 680,000 people were affected by these employment trends.
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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