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Job Growth Slows With 354,000 New Additions in April

Written: 2023-05-10 08:41:44Updated: 2023-05-10 11:13:03

Job Growth Slows With 354,000 New Additions in April

Photo : YONHAP News

Job growth decelerated in April after a brief rebound in March. 

According to Statistics Korea on Wednesday, the number of employed people stood at 28 million-432-thousand last month, marking an increase of 354-thousand from a year earlier.

The country's job additions had slowed for nine consecutive months through February before rebounding in March, when 469-thousand jobs were added. 

The number of employed people aged 15 to 29 fell 137-thousand on-year in April, declining for the sixth consecutive month. 

The figure for the manufacturing sector slipped 97-thousand last month, falling for the fourth straight month and posting the largest drop in 28 months.

The employment rate for those aged 15 and older rose by zero-point-six percentage points on-year to reach 62-point-seven percent in April. 

The jobless rate dropped by zero-point-two percentage points on-year to two-point-eight percent last month.

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