South Korea's Job Market Sees Significant Growth
South Korea added 312,000 jobs in September, marking the largest on-year growth in 19 months, according to data from the Ministry of Data and Statistics.
The number of employed people stood at 29.15 million last month, up from the previous year. This growth highlights a continued upward trend in employment following a brief contraction in December.
- The labor market has been gradually recovering, with job additions of 245,000 in May, 183,000 in June, 171,000 in July, and 166,000 in August.
- However, employment in the manufacturing and construction sectors continued to decline, signaling persistent weakness in key industries.
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Author's summary: South Korea's job market grows.