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Job Growth Posted for 9th Straight Month in November

Written: 2021-12-15 08:55:15Updated: 2021-12-15 11:45:19

Job Growth Posted for 9th Straight Month in November

Photo : YONHAP News

On-year job growth continued for the ninth consecutive month in November, but slowed to less than 600-thousand. 

Statistics Korea data showed on Wednesday that the number of employed people nationwide last month was tallied at 27-point-79 million, up by 553-thousand from a year earlier. 

While the latest figure extends the job growth rally that began in March, it is smaller than the 652-thousand recorded in October due in part to a drop in lodging- and restaurant-related jobs by 86-thousand. 

The employment rate for those aged 15 and older rose by zero-point-eight percentage points from a year earlier to 61-point-five percent. 

The unemployment rate fell by the same margin to two-point-six percent, the lowest level for November in eight years.

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