Menu Content
Go Top

Economy

S. Korea's Job Growth Hits 13-Month High in February

Written: 2019-03-13 09:13:49Updated: 2019-03-13 18:34:46

Photo : KBS News

South Korea's job growth hit a 13-month high last month on the back of the government's job programs.

According to Statistics Korea on Wednesday, the number of employed people stood at 26-point-34 million in February, up 263-thousand from a year earlier. 

The on-year job growth marks the largest since January of last year, when the nation added 334-thousand jobs. 
 
After adding merely 104-thousand new jobs in February of last year, job growth had been in a slump until January when the economy added 19-thousand jobs. 

The sharp gain is attributed to the government's job program, in which many senior citizens were hired by state-run companies in the areas of health, welfare and public administration. An increase of more than 100-thousand jobs in the agricultural and fishery industries also helped boost the job growth. 

The number of jobless people marked one-point-three million last month, up 38-thousand from a year earlier. 

South Korea’s employment rate increased point-two percentage point to 59-point-four percent.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >