360° Coverage : South Korea's job market thriving

South Korea's job market thriving

Seoul, Sep 11 (IANS) Bouyed by government efforts to create jobs, especially among the elderly, and seasonal factors boosting job creation in the agricultural sector, employment in South Korea during August grew the most in the past 11 months -- by 432,000 year-on-year to 25.291 million, a government report showed Wednesday.

Sep 11 2013, 3:54am CDT | by IANS

South Korea's job market thriving
Photo Credit: , Getty Images

Seoul, Sep 11 — Bouyed by government efforts to create jobs, especially among the elderly, and seasonal factors boosting job creation in the agricultural sector, employment in South Korea during August grew the most in the past 11 months -- by 432,000 year-on-year to 25.291 million, a government report showed Wednesday.

The seasonally adjusted figure climbed 105,000 last month, up from a 69,000-rise in the prior month, Xinhua reported citing Statistics Korea.

"The government's projects to boost employment became effective. Most projects, including those creating jobs among the elderly had started from July," the country's strategy and finance ministry said in a separate report.

The ministry noted that high temperature and low rainfall boosted employment in the agricultural industry, saying that lodging, restaurants and transport sectors employed more workers due to seasonal factors.

The manufacturing industry created 5,000 jobs in August.

The service sector employed 385,000 workers last month due to seasonal factors, and the agricultural industry added 28,000 labourers. Jobs in the construction sector, however, declined by 7,000.

Helped by the solid job growth, the hiring rate rose 0.03 percentage point from a year earlier to 60 percent in August.

The hiring rate for those in their 50s rose 1.4 percentage points year-on-year to 28.8 percent in August, but the figures for people in their 20s declined 1.4 percentage points in the same period.

Jobless rate was 3 percent in August, unchanged from a year ago. The number of unemployed, who failed to find any work, increased by 19,000 to 783,000 in August.

Unemployment rate among those aged between 15 and 29 rose to 7.6 percent in August from 6.4 percent in the same month last year.

IANS

Source: IANS

 
 
 

blog comments powered by Disqus

Latest stories

Wearables that go beyond the Apple Watch
Wearables that go beyond the Apple Watch
Apple Watch is going to open a new chapter in wearables, but where is the future?
 
 
Russia allows buffalo meat imports from India
Moscow, Dec 4 (IANS/TASS) Russia has allowed imports of buffalo meat from India, the country's veterinary regulator said Thursday.
 
 
New guidelines for prostate cancer testing
Melbourne, Dec 4 (IANS) Prostate cancer checks in Australia are set to improve after cancer agencies and health experts reached an agreement on new testing guidelines at the World Cancer Congress (WCC) currently being held in Melbourne.
 
 
Australian researcher discovers first artwork by early human
Sydney, Dec 4 (IANS) An Australian researcher has discovered what is believed to be the first artwork created by a human.
 
 
 

Latest from the Network

Australian researcher discovers first artwork by early human
Sydney, Dec 4 (IANS) An Australian researcher has discovered what is believed to be the first artwork created by a human. The simple zigzag pattern found on a fossilized shell from the Indonesian island of Java has...
Read more on Celebrity Balla
 
Insects compete with rats to clear garbage
New York, Dec 4 (IANS) Insects play a very important role in cleaning up cities and they compete with other pests like rats and pigeons in their endeavour, a study has said. Scientists sampled arthropods - such as...
Read more on Business Balla
 
School headmaster shot dead in Pakistan
Islamabad, Dec 4 (IANS) Unidentified gunmen Thursday killed the headmaster of a private school in Pakistan's Balochistan province. Police officials said the armed men opened fire at the vehicle of Zahid Ali,...
Read more on Politics Balla
 
Four more bodies recovered from sunken South Korean ship
Seoul, Dec 4 (IANS) Four more bodies were recovered Thursday from a sunken South Korean fishing ship in the Bering Sea, the foreign ministry here said. This increased the toll to 16, including six South Koreans and 10...
Read more on Politics Balla
 
Lesbian couple asked to desist in London restaurant
London, Dec 4 (IANS) A lesbian couple in a London restaurant was asked to desist by a staff member, who asked them to "stop what you are doing". Lydia Cawson, 29, said that she and her girlfriend were asked by a staff...
Read more on Politics Balla
 
Oxford Dictionaries to add 1,000 new words
London, Dec 4 (IANS) 'Mamil' (middle-aged man in Lycra), 'silvertail' (a person who is socially prominent or who displays social aspirations) and 'crony capitalism' are among the 1,000 new words to be added to...
Read more on Celebrity Balla
 
Oceans play key role in global 'warming hiatus'
London, Dec 4 (IANS) Increased heat uptake across three oceans - North Atlantic, the Southern Ocean and Equatorial Pacific Ocean - is the likely cause of the 'warming hiatus' -- the current decade-long slowdown in...
Read more on Politics Balla
 
Novel imaging to identify if TB drugs are working
Washington, Dec 4 (IANS) Tuberculosis patients who are not cured of the infection can develop multi-drug resistant TB and have to take as many as six drugs for two years. Now, researchers at University of Pittsburgh...
Read more on Business Balla
 
PM makes first appointment to High Court of Australia
Canberra, Dec 4 (IANS) Prime Minister Tony Abbott's government Thursday appointed former Victorian Supreme Court judge Geoffrey Nettle as the next Justice of the High Court of Australia. Attorney General George...
Read more on Politics Balla
 
18 suspected militants killed in Pakistan airstrikes
Islamabad, Dec 4 (IANS) At least 18 suspected militants were killed Thursday in airstrikes conducted by Pakistan Air Force fighter jets in North Waziristan. According to officials, the airstrikes were conducted in...
Read more on Politics Balla