Seoul: South Korea added 184,000 jobs in August from a year earlier, government data showed Wednesday, marking the largest increase in five months, while employment conditions remained challenging for young people. The number of employed people came to 29.15 million in August, compared with 28.97 million a year earlier, according to data from the Ministry of Data and Statistics. According to Yonhap News Agency, this marks the largest increase since 206,000 jobs were added on-year in March. It also marked three consecutive months of gains and comes despite the manufacturing sector remaining sluggish. Job growth turned positive again in June after declining by 40,000 in May, the first drop in 17 months. The country's jobless rate came to 2 percent last month, unchanged from a year earlier, with the number of unemployed people totaling 588,000 in August, down 4,000 from the same month last year. South Korea's employment rate for those aged 15 and above came to 63.3 percent, remaining unchanged from the previou s year. However, the employment rate for people aged 15 to 29 came to 44.1 percent, down 1 percentage point from a year earlier, marking the 28th consecutive month of decline. For those aged 30 to 39, the employment rate stood at 81.1 percent, up 0.3 percentage point from a year earlier. By sector, the manufacturing sector lost 38,000 jobs, marking the 26th consecutive month of decline. The agriculture, forestry, and fisheries industry lost 109,000 jobs, and the construction industry shed 32,000 jobs. The accommodation and restaurant sector shed 61,000 jobs, with the data ministry attributing the decline to the base effect from the distribution of government vouchers last year. In contrast, the healthcare and social welfare sector added 186,000 positions, while the arts, sports, and recreation-related services sector added 73,000 jobs. "Jobs in sectors popular among young people, such as manufacturing, declined, leading to an overall decrease in the number of employed people in the age group," said Bin Hyun -joon, a senior statistics official. "Amid the declining employment rate among young people, more people in the age group applied for police and local civil service examinations during the survey period," Bin added. The number of economically inactive people rose by 77,000 from a year earlier to 16.29 million. Meanwhile, the number of people reporting that they were not working and were simply resting fell by 89,000 to 2.55 million. The data ministry noted that those who had previously been simply resting gradually began looking for jobs, leading them to be classified as unemployed. "While we need to take a wait-and-see approach to the recent decline in the number of young people who are simply resting, it could still be seen as a sign of recovery in the cycle of training, job searching, and employment," the finance ministry said in a separate report. "As key indicators for young people, including the number with jobs and the employment rate, remain sluggish, the government will focus on ensuring the declin e in the number of those just resting translates into improved labor market conditions," it added.
S. Korea Sees Largest Job Growth in Five Months with 184,000 New Jobs in August
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