See More on Facebook

Current affairs, Economics

South Korea jobless rate rises to 4.4% in April

Weak job markets and uncertain macroeconomics have contributed to increased unemployment.


Written by

Updated: May 15, 2019

South Korea’s jobless rate rose to 4.4 percent in April, government data showed Wednesday, in the latest sign of a weak job market amid an economic slowdown in Asia’s fourth-largest economy.

The unemployment rate increased 0.3 percentage point from a year earlier, according to the data compiled by Statistics Korea.

It also marked the highest level for any April since 2000, when the corresponding figure stood at 4.5 percent.

The number of employed people reached 27.03 million in April, an increase of 171,000 from the same month in 2018.

The unemployment rate for young adults — those aged between 15 and 29 — rose to 11.5 percent last month from 10.7 percent tallied a year earlier.

By industry, the manufacturing sector — the backbone of South Korea’s economy — continued to suffer a decline in job offerings by losing 52,000 jobs in April, and the retail and wholesale sector also saw a reduction of 76,000 positions.

In contrast, the health and social welfare sectors added 127,000 jobs, and the education service sector saw an increase of 55,000 jobs last month.



Enjoyed this story? Share it.


About the Author: ANN’s Board member Mr Zaffar Abbas, Editor of Pakistan’s Dawn has won the 2019 Gwen Ifill Press Freedom Award from the Committee to Protest Journalists.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Current affairs, Economics

China pledges international pandemic aid

 Producers of medical goods urged to meet demand from affected countries. China has pledged to do its best to offer aid to countries and international organisations affected by COVID-19 to help contain the outbreak, and businesses are being urged to boost production of epidemic prevention materials to meet demand from abroad. The announcement was made at a meeting of the leading group of China’s coronavirus response, chaired by Premier Li Keqiang on Thursday. Relevant departments and local authorities must step up co-ordination to closely monitor and analyse the quick spread of the outbreak outside China and roll out more targeted measures to prevent the import and export of infection, the group said in a statement. It is important to further


By China Daily
March 13, 2020

Current affairs, Economics

Back to work in Beijing, with tough measures in place

 Mandatory quarantine for those coming from overseas; some Wuhan businesses may reopen. As most of China attempts to return to normalcy after an extensive lockdown to curb the spread of the coronavirus, the capital Beijing has been carefully trying to strike a balance between having people restart work while also trying to keep out imported infections, and yesterday ordered a mandatory quarantine for all international arrivals. This comes as the Hubei government announced that some businesses in Wuhan, the outbreak’s epicentre, would gradually be allowed to reopen. On Tuesday, Chinese President Xi Jinping visited Wuhan, his first visit to the city since the outbreak, a sign that the crisis could finally be easing after the government’s toug


By The Straits Times
March 12, 2020

Current affairs, Economics

Xi vows victory over coronavirus in Wuhan

President expresses condolences to families of people who died in epidemic. President Xi Jinping said on Tuesday that prevention and control of the novel coronavirus outbreak remains the top priority and most important task, even amid the recent positive signs. Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remark during his inspection tour in the outbreak’s epicentre, Wuhan, capital of Hubei province. The spread of the novel coronavirus has been basically curbed in Hubei and Wuhan, Xi said, adding that initial success has been made in stabilising the situation and turning the tide in Hubei and Wuhan. Xi encouraged local residents and front-line worke


By China Daily
March 11, 2020

Current affairs, Economics

China sets example in fighting virus

Epidemic reveals inadequacies in global governance; Beijing says it’s ready to help. China’s response to novel coronavirus pneumonia has set an example for the world in coping with the contagion and offered experience in advancing global public health governance, officials and experts said. The COVID-19 outbreak has also raised the alarm about global public health security and reminded countries that co-operation and co-ordination are needed to deal with challenges as infectious diseases can rapidly escalate into global emergencies, they said. There is a growing positive momentum in epidemic control nationwide thanks to the “comprehensive, thorough and rigorous” measures that China has taken to contain the virus, they said, noting that the daily


By China Daily
March 10, 2020

Current affairs, Economics

More than 800,000 people return Beijing under quarantine

“There’s still a risk of an outbreak of the disease with people coming to Beijing from other cities and countries,” Zhang Tongjun, deputy head of a group for prevention and control work in the city’s residential communities, said during an afternoon conference. About 827,000 people who came back to Beijing from outside the city are still in a 14-day quarantine to see if they had been infected with the novel coronavirus, an official said on Friday. “There’s still a risk of an outbreak of the disease with people coming to Beijing from other cities and countries,” Zhang Tongjun, deputy head of a group for prevention and control work in the city’s residential communities, said during an afternoon conference. Z


By China Daily
March 9, 2020

Current affairs, Economics

South Korea declares third city as special care zone as cases spike

President Moon receives letter of support from North Korean leader as infected cases cross 6,000. South Korea has declared a third city a “special care zone” to boost its capability to fight a spike in coronavirus infections, with cases nationwide soaring beyond 6,000. The death toll stands at 42, mostly the elderly with underlying health conditions, while 88 people have recovered, including 47 discharged yesterday. The care zone announcement came as the presidential Blue House revealed that South Korean President Moon Jae-in received a letter on Wednesday from North Korean leader Kim Jong Un expressing support and comfort to the people battling the coronavirus outbreak, adding that he is confident they will “prevail in this fight wit


By The Straits Times
March 6, 2020