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Enter 2021.03.17 08:00
The employment rate from 15 to 64 years was 64.2%, the lowest in 6 years.
Until last February, the number of employed persons has decreased for 12 consecutive months. This is the longest consecutive decline since the 16-month decline from January 1998 to April 1999, when the International Monetary Fund (IMF) started the financial crisis.
The number of unemployed was 1,353,000, a record in February. It was the highest since 2017, registering 1,342,000 people. The unemployment rate was also 4.9%, a record in February.
On the 17th, the National Statistics Office announced the ‘February employment trend’. The number of employed was 26,365,000, a decrease of 473,000 compared to the same month last year. The decline slowed slightly compared to the previous month (982,000 people), when the number of people employed fell further from the IMF. The employment rate between the ages of 15 and 64 was 64.2%, the lowest in six years since February 2014.
“The decrease in the reduction in the number of employed persons with respect to the previous month was due to a downward adjustment on the 15th, when the stage of social distancing was during the period of the employment trend survey (February 14-20) ”. the business also had an impact, ”he explained.
The number of unemployed was 1,353,000, an increase of 201,000 compared to the same month last year. This is an all-time high as of February. The ‘unemployed’ counted by the National Statistical Office is a person who did not work with income during the week of the survey and was actively looking for a job during the last four weeks. Refers to a person who can be employed immediately when given a job.
As the government’s public employment project resumed, the number of employed persons aged 60 and over increased by 212,000. In January, when the public employment business was paralyzed due to the new coronavirus (Corona 19), the number of employed people aged 60 and over decreased, but when the business was restarted, the number of employees in the elderly also increased. On the other hand, there were 238,000 people in their thirties, 166,000 in their forties, 139,000 in their fifties, and 106,000 in their twenties.
The impact of the resumption of public works is also reflected in the increase and decrease in the number of people employed by the industry. The number of employees employed in the health and social welfare services industry, which is an industry with a large distribution of public employment projects, increased 91,000 (4.0%) compared to the same month last year. In January, when there were no employment businesses, the number of employees in this industry decreased by 74,000 and then increased again in February. In addition, the number of people employed in public administration, national defense and social security (38,000 people · 3.7%) and agriculture, forestry and fishing (33,000 people · 2.7%) increased.
On the other hand, during this period, the number of employed persons decreased in industries that were directly affected by social distancing due to the COVID-19 quarantine. Accommodation and catering business (-232,000 people -10.2%), wholesale and retail trade (-194,000 people -5.4%), associations and entities, repairs and other personal services businesses (-84,000 people · – 6.8%) paste.
Regarding the number of employees per job, the number of permanent workers, which means relatively stable jobs among salaried employees, increased by 82,000 (0.6%). Meanwhile, the number of temporary workers decreased by 317,000 (-7.0%) and the number of day laborers decreased by 80,000 (-6.2%). The proportion of full-time workers among the total employed was 55.7%, an increase of 1.3 percentage points (points) with respect to the same month last year.
During this period, the inactive population was 17,269,000, an increase of 562,000 compared to the same month the previous year. The inactive population is a person who is neither employed nor unemployed among the population aged 15 and over. These are people who are not engaged in economic activities or unintentionally take a break from economic activities, such as full-time housewives, retirees, job applicants, school coaches, and job applicants.
Regarding the inactive population by sector, the number of households (331,000 people, 5.6%) and of rest (216,000 people, 9.2%) increased compared to the same month last year. Among the inactive population, the number of people who abandoned the job search was 752,000, an increase of 218,000 compared to the same month last year. Job seekers are those who wanted to find a job among the inactive population and were able to find a job, but among those who did not find a job due to labor market reasons, they had experience in finding a job during the last year. The number of people prepared for employment increased by 83,000 (10.8%) to 853,000.
On this day, Hong Nam-ki, Deputy Prime Minister for the Economy and Minister for Strategy and Finance, praised himself on his Facebook page for the decline in the number of people employed in February. He said: “The difficulties in the labor market due to the third spread of Corona 19. They have been mitigated notably. In Edo, the improvement of the employment index is expected to continue.”
