The number of jobs in South Korea increased by more than 400-thousand for the second consecutive month in April, but the youth unemployment rate surged to a record high for the month.
According to Statistics Korea on Thursday, a total of 26-million-577-thousand people were employed across the country as of last month, up by 424-thousand from the same month last year.
The unemployment rate for young job seekers aged 15 to 29, however, rose by zero-point-three percentage points to eleven-point-two percent, the highest level for the month of April since the agency began to compile related data in June of 1999.
The employment rate last month stood at 60-point-eight percent, inching up by a half percentage point from a year earlier, while the unemployment rate also rose by zero-point-three percentage points to four-point-two percent.
On-year job growth fell to below 300-thousand in December and January, but it grew to 371-thousand in February before jumping to 466-thousand in March.