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The decrease was less than in October … “Impact of crown reproliferation, possibility of appearing from December to January of next year”
Unemployment rate of 3.4%, the highest from 2004 to November … Youth unemployment rate 8.1%
As the labor market affected by the new coronavirus infection (Corona 19) continues, the number of employees has declined for the longest consecutive period since the International Monetary Fund (IMF) economic crisis.
In October, when the first phase of easing social distancing came into effect with a time lag, the decrease in the number of employed workers in November was reduced compared to the previous month.
However, after December, there are concerns that the indicators will deteriorate as a result of the reproliferation of Corona 19 and the increase in distance is seriously reflected.
◇ Employed, 9 consecutive months of decline since March… Longest period since 1999
According to the ‘November employment trend’ published by the National Statistical Office on the 16th, the number of employees last month was 27,241,000, 273,000 less than a year ago.
Employees in March (-195,000), April (-476,000), May (-392,000), June (-352,000), July (-277,000)), August (-274,000 people), September (-392,000 people) and October ( -421,000 people), followed by a decline for the ninth consecutive month.
It is the longest period since the decline for 16 consecutive months from January 1998 to April 1999 during the IMF crisis.
The decrease in the number of employed workers in November was less than in October.
In terms of the number of seasonally adjusted employees, 167,000 people increased from the previous month, showing an increase for two consecutive months.
Chung Dong-myeong, head of the Korea Social Statistics Bureau, said: “The decline in the number of people employed fell somewhat in November, mainly in the face-to-face services industry, due to the adjustment of the first phase of distancing away on October 12. ” , Health and wellness, and the construction industry have expanded, ”he explained.
◇ Accommodation and catering companies, temporary workers, etc.
Since the end of September, the decline in the face-to-face services industry has slowed due to the slight relaxation of Corona 19.
In November, the accommodation and catering business decreased by 161,000 people and the wholesale and retail business decreased by 166,000 people.
The decrease narrowed from 227,000 and 188,000 in October, respectively.
Public administration, national defense and social security administration (123,000 in October → 152,000 in November), health and social welfare services (105,000 → 114,000), construction (37,000 → 70,000) 7,000 people) increased the scope.
On the other hand, the manufacturing industry experienced a greater drop in November (-113,000) than in October (-98,000).
Since February 2019 (-158,000 people), the decline has been the largest.
Although exports have improved, the impact of Corona 19 continues in industries such as car trailers.
Temporary workers (-162,000) and day laborers (-44,000) decreased.
The decline was less than the previous month.
The increase in permanent workers increased (38,000).
By age, from 15 to 29 years (-243,000 people), 30s (194,000 people), 40s (135,000 people), 50s (7 people), except for an increase of 372,000 people from 60 years of age. 14,000), etc.), the number of employed decreased.
Statistically, the number of temporary graduates classified as employees increased by 189,000.
◇ 3.4% unemployment rate, the highest since 2004 in the same month
The employment rate over 15 years was 60.7%, 1.0 percentage point less than a year ago.
As of November, it is the lowest since November 2013 (60.7%).
The employment rate for young people aged 15 to 29 fell 1.9 percentage points to 42.4%.
The employment rate for people aged 15 to 64, which is the Organization for Economic Cooperation and Development (OECD) benchmark, was 66.3%, 1.1 percentage points less than a year ago .
The number of unemployed was 967,000, an increase of 101,000 over the previous year.
The unemployment rate was 3.4%, 0.3 percentage points more than a year ago.
As of November, it is the highest since November 2004 (3.5%).
The unemployment rate for young people aged 15 to 29 increased 1.1 percentage points to 8.1%.
The inactive population increased from 431,000 to 16,675,000.
Among the inactive population, 2,353 thousand people were classified as ‘rested’.
It is the largest since 2003, when statistical standards were changed.
The number of people who gave up their job search increased from 144,000 to 631,000.
◇ “The third crown, impact on employment, possibility of appearing in December and January”
In November, the number of employed persons continued to decrease for the ninth month, but the decrease was reduced compared to September and October, and the employment situation improved somewhat.
However, as the reproliferation of Corona 19 continues in November and the distancing stage has increased, the possibility that the employment indicator will deteriorate after December has increased.
Vice Premier Hong Nam-ki and the Minister of Strategy and Finance said: “The effect on employment in September and October due to the second differential in August showed a tendency to improve again in November. I am very concerned about the possibility of appearing in it. “.
Director Jeong Dong-myeong said, “In December, the employment survey will be conducted from the 13th to the 19th,” he said. “We hope that (the indicators) do not improve much due to several variables, such as the 2.5-stage increase in the distance to the metropolitan area.
/ yunhap news
