Korea recorded its second-slowest wage job development within the second quarter, primarily because of a droop within the building sector and a continued decline in youth employment, authorities knowledge confirmed Tuesday.
The variety of wage worker positions stood at 20.95 million as of Could 2025, up 111,000 from the identical interval a 12 months earlier, in line with the information from the Ministry of Knowledge and Statistics.
It marked the second smallest quarterly acquire for the reason that first quarter of this 12 months when solely 15,000 positions have been added.
“Though there was some restoration within the well being and social welfare sector, the employment contraction seen within the first quarter continued,” a ministry official stated.
The rise in wage jobs through the second quarter was primarily pushed by employment development within the well being and social welfare sector, which added 134,000 positions in comparison with a 12 months earlier.
In distinction, the manufacturing business misplaced 13,000 positions, persevering with a downward pattern, whereas the development sector shed 141,000 jobs, remaining in unfavourable terrain for seven consecutive quarters, in line with the ministry.
A major share of recent positions was taken by senior employees, reflecting the nation’s getting older inhabitants.
The variety of paid jobs for these of their 60s and older rose by 235,000, whereas these of their 30s and 50s noticed will increase of 76,000 and 15,000, respectively.
The droop in building and manufacturing sectors additionally hit the youth employment arduous, with 135,000 positions misplaced amongst employees of their 20s.
Employment for these of their 40s additionally declined, falling by 80,000.
