S. Korea's jobless rate steady at 3.4% in Dec., 516,000 jobs created
Updated: 2020-01-15 16:10:34 KST
South Korea's unemployment rate remained steady at 3.4 percent last month.
According to data released by Statistics Korea on Wednesday, around 27-thousand new jobs were created in the month of December.
In addition, the overall employment rate last year reached almost 61 percent, the highest in 22 years.
Statistics Korea attributed the rise to the government's job creation policies, hinting at a brighter outlook for the new year.
By sector, social and health services and the accommodation industry have seen the most jobs created, while employment figures actually fell in finance and construction, and in the wholesale and retail sectors.
For the year of 2019, the country's jobless rate was also unchanged at 3.8 percent. The number of unemployed people has remained over one million for the fourth straight year.
People in their 20s, 50s and 60s were the biggest beneficiaries of the newly created jobs. However, just like in previous months, employment figures remained poor for those in their 30s and 40s who need full-time, stable jobs to support their families.
"Calling the latest figures "a significant recovery," Finance Minister Hong Nam-ki vowed to keep that momentum in the new year as well as creating jobs for those in their 40s and in the manufacturing industry.
Kim Dami, Arirang News".