South Korea sees continuous job growth in April
South Korea has experienced continuous job growth for its 14th straight month in April amid economic recovery, official data showed.
The number of those employed hit 28.08 million last month, an increase of 865,000 from a year earlier. The figure was higher than a year-on-year increase of 831,000 in March, and also recorded the highest job additions for the month of April since 2000, when the number of employed people rose by 1.05 million.
“The job recovery has continued as exports remain robust, and more industries shifted to digitalised and non-contact business operations,” Kong Mi-suk, a senior Statistics Korea official, told reporters, reports The Korea Herald.
Jobs data reflected overall improvements in the labour market, although employment in face-to-face services fell, such as those in accommodations and eateries.
However, the finance ministry has highlighted that the pace of job growth may slow in the coming months due to heightened economic downside risks, such as the war between Russia and Ukraine, and China’s COVID-19 lockdown.