South Korea’s job growth slows in fourth quarter of 2021
Job growth of wage workers in South Korea slowed in Q4’2021 compared to the quarter earlier. The number of jobs reached 19.97 million in the fourth quarter, up 376,000 year-on-year, according to data from Statistics Korea.
Over the quarter, the manufacturing sector added 62,000 jobs, while jobs in the health and social welfare rose by 138,000. In contrast, jobs in public administration declined by 123,000, while businesses and leasing services lost 11,000 jobs.
Meanwhile, the number of jobs for workers in their 60s or older rose by 205,000, reflecting the highest increase among all age groups. Jobs for workers in their 50s saw an increase of 143,000; followed by people in their 20s and younger, with an increase of 19,000; and those in their 40s, reflecting an increase of 13,000.
The number of jobs for men rose by 123,000 in the fourth quarter, while that of women rose by 253,000.