Last month's increase in the number of employed fell below 100,000 in four months.

2024.11.13. AM 09:22
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The increase in the number of employed people last month fell below 100,000 in four months due to sluggish domestic demand.

Statistics Korea said the number of employed people last month was 28.847 million, up only 83,000 from the same month a year ago.

The increase in the number of employed people, which exceeded 100,000 in the three months from July to September, fell back below 100,000 in four months.

It fell 148,000 in wholesale and retail businesses close to domestic demand, the biggest drop in three years and three months.

The construction industry decreased by 93,000.

Wholesale and retail businesses have been employed for eight months and construction businesses for six months.

The manufacturing industry also fell by 33,000, reducing the number of employed for four consecutive months.

The health and social welfare service industry increased by 97,000 and the education service industry increased by 84,000.

The employment rate between the ages of 15 and 64 was 69.8%, the highest in October since the statistics were compiled, but the unemployment rate, which is the proportion of the unemployed among the economically active population, was 2.3%, up 0.2%p from a year ago.

Last month, the number of employed people increased by only 83,000 from a year ago.

According to the October employment trend released by Statistics Korea, 28.847 million people were employed last month, up 83,000 from the same month a year ago.

This is the smallest increase in five months since the 80,000 in May.

The health and social welfare service industry increased by 97,000 and the education service industry increased by 84,000.

On the other hand, wholesale and retail businesses, which are closely related to domestic demand, fell 148,000 people, the sharpest drop in three years and three months.

The construction industry decreased by 93,000.

Wholesale and retail businesses have been employed for eight months and construction businesses for six months.

The manufacturing industry fell by 33,000, reducing the number of employed for four consecutive months.



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