South Korea’s five consecutive months of employment reduction

Seoul, August 12 (Xinhua) from March to July this year, the number of South Korea’s employed population decreased for five consecutive months, with the employment rate of young people aged 15 to 29 particularly low. Affected by the novel coronavirus pneumonia,

suffered from the impact of the Korean economy and the employment market deteriorated. According to data released by the Korean statistics agency on the 12th, the number of employed people decreased by 195000 in March, 476000 in April, 392000 in May and 352000 in June. The number of employed people continued to decline in July, with a year-on-year decrease of 277000. < p > < p > specifically, the youth employment population has the largest reduction. In July, the number of young people aged 15 to 29 dropped sharply by 195000. The youth employment rate was 42.7%, down 1.4% year-on-year. Hong Nanji, Vice Prime Minister and Minister of planning and finance of South Korea, said on the same day that the youth employment market continued to be sluggish. Affected by the epidemic situation, people have reduced their going out and face-to-face transactions, resulting in a significant reduction of jobs in accommodation, catering, tourism and other industries. 62538 new cases of novel coronavirus pneumonia in India were confirmed to be 2 million.

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