South Korea's Job Market Sees Significant Growth
South Korea added 312,000 jobs in September, marking the largest on-year growth in 19 months.
The number of employed people stood at 29.15 million, according to data from the Ministry of Data and Statistics.
- The labor market has been recovering, with a net gain of 245,000 jobs in May.
- Job growth slightly eased in June, July, and August, with 183,000, 171,000, and 166,000 jobs added, respectively.
- However, employment in manufacturing and construction sectors continued to decline.
The September figure highlights a continued upward trend in employment following a brief contraction in December.
This growth marks a significant improvement in the job market, with the country seeing a net loss of 52,000 positions in December.
Author's summary: South Korea's job market sees significant growth with 312,000 new jobs.
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