South Korea reported the slowest on-year job growth in more than three years in May and the unemployment rate among young people reported a marked growth, data showed Wednesday. The number of employed people came to 28.92 million last month, up 80,000 from a year earlier, according to the data compiled by Statistics Korea. It marked the fewest on-year job additions since February 2021, when the country shed 473,000 positions amid the COVID-19 pandemic, according to South Korea's News Agency (Yonhap). In April, the country had 261,000 new jobs, after adding 173,000 new positions a month earlier. In January and February, the monthly job additions surpassed the 300,000 level. The decline also came as the number of jobs for those aged 15-29 dropped by 173,000, the largest fall since January 2021 when the country lost 314,000 jobs for young people. The unemployment rate for the age group came to 6.7 percent by going up 0.9 percentage point, or the largest increase since February 2021. Source: Qatar News Age ncy
Related Posts
Deputy Prime Minister and Minister of Foreign Affairs: Investment Partnership with Spain Starting Point towards Strengthening Bilateral Relations
HE Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani affirmed that the investment partnership initiative with Spain represents a starting point towards strengthening the solid relations between the two frien…
Bahrain All Share Index marks 2,039.37 points
Manama, Bahrain All Share Index has closed at 2,039.37 points, marking a decrease of 0.56 points below the previous closing.
This decrease was due to the drop in the consumer discretionary sector, the financial sector and the consumer staples sector….
Oil Continues to Rise amid Possible Escalation of Middle East Conflict, Supplies Impact
Oil prices climbed on Wednesday after an industry report showed US crude and gasoline inventories fell, as the market watched for a possible escalation of conflict in the Middle East, which may impact global oil supplies.
Brent crude futures rose 56 …