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(Working Paper 2020-01) Evaluation of 2019 Labor Market and 2020 Employment Outlook
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(Working Paper 2020-01) Evaluation of 2019 Labor Market and 2020 Employment Outlook
  • 조회수

    조회수 반영까지 최대 10분 정도 소요될 수 있습니다.

     94
  • 다운로드

    다운로드 수 반영까지 최대 10분 정도 소요될 수 있습니다.

     32
  • In January-October 2019, the average number of employed persons went up by 276,000 persons year-on-year, reflecting a steeper growth compared to the year-on-year increase of 97,000 persons during the same months in 2018. The employment rate rose by 0.2%p year-on-year due to the growth among the young (15 to 29 years, by 36,000 persons), women (by 197,000 persons), and the elderly (60 years or above, by 417,000 persons). Despite the improved employment in certain parts of the service sector, men in their 30s to 50s continue to face employment slowdown (decrease of 0.3%p in employment rate, 0.6%p increase in employment rate among women) as the economic downturn persists. On average, the unemployed population during the period of January-October 2019 dropped by 7,000 persons year-on-year, resulting in the decrease of unemployment rate by 0.1%p. The number of unemployed persons saw a year-on-year rise in the first half of 2019 (up by 66,000 persons) due to the early, expanded implementation of the government’s job creation project for the elderly and the schedule for civil service exams. However, starting in August 2019, the number dropped significantly (down by 275,000 in August; 140,000 in September, and 108,000 in October), resulting in the reduction of average number of unemployed persons in January-October 2019. During the period of January-October 2019, the average number of economically inactive population increased by 48,000 persons year-on-year, reflecting a slower growth compared to the year-on-year increase of 100,000 persons during the same months in 2018.As the number of employed women rose, the number of those engaged in ‘childcare and housework’ dropped. And, with the decrease in school-age population, the number of those ‘attending formal educational institutions’ among those aged 15-24 declined rapidly. However, the effect of the economic downturn is evident in the fact that the age range of those ‘finding a job after school’ is expanding beyond just youths (28.5 years old in 2018; 29 years old in 2019) and that the number of those who answered ‘out of work’ has increased at a faster pace among men under 60 (up by 115,000 persons).

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