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No. of Highly Educated Jobless People Hits a Quarterly Record

Written: 2017-04-24 13:21:39Updated: 2017-04-24 13:58:59

No. of Highly Educated Jobless People Hits a Quarterly Record

The number of unemployed people with college degrees or higher education has hit a quarterly record, indicating that the labor market is growing tighter for the highly educated.
 
According to Statistics Korea on Sunday, the number of unemployed people grew one-point-two percent year-on-year to one-point-167 million in the first quarter of this year.
 
The majority of those, 543-thousand people, held college degrees or higher education, while 451-thousand were high school graduates. Less than 100-thousand people had just primary or lower education and 75-thousand were middle school graduates.
 
The unemployment rate among high school graduates dropped nine-point-one percent, but increased in all other categories.
 
The number of economically nonactive people decreased zero-point-one percent to 16-point-552 million in the first quarter compared to the same period last year. 

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