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No. of Newly Employed Remains Unimpressive in May

Written: 2016-06-15 14:05:09Updated: 2016-06-15 14:35:04

No. of Newly Employed Remains Unimpressive in May

The number of newly employed in South Korea remained at the 200-thousand mark for the second straight month in May. 
 
According to Statistics Korea's May employment figures released Wednesday, the number of employed people stood at 26-point-45 million in May, up 261-thousand on-year. The number of newly employed remained at 252-thousand in April and 261-thousand in May, down from 300-thousand in March.

The data also showed that although youth employment for those between the ages of 15 and 29 edged up, the jobless rate for young people marked a record high for four months in a row over the year.
 
The economically active population grew 244-thousand from a year ago while the employment rate inched up zero-point-one percentage point to 61 percent. The youth employment rate rose one percentage point on year to 42-point-seven percent, which was the highest in nine years for the month of May.

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