South Korea Adds 108,000 Jobs in July as 191,000 Youth Positions Vanish
Updated
Updated · migrantimes.com · Aug 12
South Korea Adds 108,000 Jobs in July as 191,000 Youth Positions Vanish
3 articles · Updated · migrantimes.com · Aug 12
Summary
108,000 jobs were added from a year earlier in July, a pickup from June’s 63,000 gain after a 40,000 drop in May, while the unemployment rate stood at 2.6%.
191,000 jobs for people aged 15 to 29 disappeared, extending a prolonged slump after a 197,000 decline in June and highlighting how headline job growth remains uneven.
Structural shifts in hiring are worsening that gap: officials say employers are moving away from large-scale entry-level recruitment toward experienced-worker hiring and internships.
Manufacturing also stayed weak after losing 97,000 jobs in June, and the government says it will roll out a third-quarter youth employment package alongside targeted support for struggling industries.