September employment rate hits record high...Decreasing trend continues for young people and manufacturing industry = South Korean report

The number of employed people in South Korea increased by more than 300,000 in September for the first time in three months. The employment rate was the highest since related statistics began being collected on a monthly basis, and the unemployment rate was the lowest, indicating a strong employment situation.
in the process of. According to the September employment trends announced by the Korean National Statistics Office, the number of employed people aged 15 and over in September was 28,698,000, an increase of about 309,000 from last year, and about 333,000 in June.
The number of people increased by more than 300,000 for the first time in three months. The number of employed persons has increased for 31 consecutive months since March 2021 compared to the same period of the previous year. 4 to 300,000 people per month in the first half of this year
The rate of increase in the number of employed persons decreased to 211,000 in July, which was in the 0,000-000 range, but the rate of increase increased for the second consecutive month. The number of employees in service industries such as health and welfare industry, accommodation and restaurant industry, and transportation and warehousing industry has increased.
The number of people employed in the construction industry increased by 36,000, driving a favorable employment situation with an increase of 335,000 people, marking the first time in 10 months that the number of people employed in the construction industry has returned to an increasing trend.
However, the recovery in exports, mainly in semiconductors, has not progressed sufficiently, and the number of employed people in the manufacturing industry is 72,000.
000 people, marking the first decline in five months since April. Due to the economic downturn in the real estate industry, the number of employed people in the real estate industry decreased by 36,000, marking the largest decline since February 2021.
I recorded it. While people aged 60 and over led the increase in the number of employed persons, the number of young people (15 to 29 years old) decreased by approximately 89,000, continuing a downward trend for 11 consecutive months.
An official from the Ministry of Planning and Finance said, ``The number of employed people will continue to increase, mainly in the service industry, due to factors such as the resumption of group tourism among Chinese people, and the employment rate is expected to continue at a steady trend.
``Downside risks still exist, including external factors such as fluctuations in crude oil prices and prolonged high interest rates, as well as the continued slump in employment in the manufacturing industry.''