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(Working Paper 2019-01) Evaluation of 2018 Labor Market and 2019 Employment Outlook (Working Paper 2019-01) Evaluation of 2018 Labor Market and 2019 Employment Outlook
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(Working Paper 2019-01) Evaluation of 2018 Labor Market and 2019 Employment Outlook

 보고서명(영문)

(Working Paper 2019-01) Evaluation of 2018 Labor Market and 2019 Employment Outlook
  • 조회수

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    다운로드 수 반영까지 최대 10분 정도 소요될 수 있습니다.

     4
  • The average number of employed persons during the period of January-October 2018 increased by 97,000 persons year-on-year, showing a significant slowdown compared to the year-on-year increase of 328,000 persons during the same period in 2017. Employment, characterized by a declining growth rate at the beginning of year 2018 due to the baseline changes and a rapid drop in the population aged 15-64, has continued to slow till now, attributed to sluggish production and business slowdown in the construction and manufacturing industries.
    On average, the unemployed population during the period of January-October 2018 rose by 54,000 persons year-on-year (as compared to the increase of 10,000 persons in 2017) and the unemployment rate increased by 0.2%p to 4.0%. Korea’s unemployment growth in 2018 is characterized by a decline in youth unemployment rate, which had contributed to the increase in unemployment rates for several years in the past, and a rise in unemployment among those in their 40s and 50s reflecting a noteworthy decline of employment in such sectors as the manufacturing, construction, wholesale and retail trade(self-employed).

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