Korea's 60-Plus Workers Drove 74.9% of Q3 Regular Job Growth as Youth Employment Fell
Updated
Updated · koreajoongangdaily.com · Nov 8
Korea's 60-Plus Workers Drove 74.9% of Q3 Regular Job Growth as Youth Employment Fell
3 articles · Updated · koreajoongangdaily.com · Nov 8
Summary
16.84 million regular workers were employed in Korea in July-September, up 167,628 from a year earlier, with people aged 60 and older accounting for 125,573 of that increase.
74.9% of the gain came from older workers even though they make up less than 14% of all regular employees, underscoring how an aging population is reshaping hiring.
82,836 regular jobs for workers in their 20s disappeared in the quarter from a year earlier, extending declines to a 15th straight quarter since early 2023.
3,711 jobs for workers in their 30s also vanished despite an 81,433 increase in that age group's population, pointing to weaker absorption of younger labor.
680,000 people in their 20s and 30s were unemployed and 'resting' in an August ministry survey, highlighting broader strain beyond regular employment data.