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S. Korea Adds over 280,000 Jobs through November

Written: 2019-12-15 13:53:43Updated: 2019-12-16 11:37:23

S. Korea Adds over 280,000 Jobs through November

Photo : YONHAP News

South Korea added more than 280-thousand jobs through November this year to post a nearly three-fold increase from a year earlier.
 
According to Statistics Korea on Sunday, the country added 281-thousand jobs on-year during the first eleven months of the year, compared to an increase of 97-thousand jobs posted last year.
 
The increase is mainly attributed to a rise in the number of employed people among senior citizens thanks to the government's active fiscal spending to increase jobs, with 367-thousand jobs increased among people aged 60 or older during the cited period.
 
In contrast, the number of employed people in their 30s and 40s decreased by 58-thousand and 165-thousand, respectively.
 
As of November, the employment rate of South Koreans in their 30s stood at 78-point-six percent, up point-eight percentage points, while the comparable figure for people in their 40s slipped one-point-one percentage point to 78-point-four percent.

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