SEOUL– South Korea added more than one million jobs in Jan, marking the fastest increase in nearly 22 years, showed data from Statistics Korea today.
The number of those employed totaled 26,953,000 in Jan, up 1,135,000 from a year earlier, according to Statistics Korea.
It was the highest growth in almost 22 years, since Mar, 2000.
In Jan, 2021, employment tumbled by 982,000, on a yearly basis, due to the negative effect from the COVID-19 pandemic.
The country’s employment continued to rise for the 11th consecutive month, since Mar last year.
The number of unemployed fell 427,000, from a year earlier to 1,143,000 in Jan, and the unemployment rate retreated 1.6 percentage points to 4.1 percent.
Source: NAM NEWS NETWORK