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Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Job Growth Improves in April

Job Growth Improves in April

May 20, 2013

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The number of jobs increased 345,000 from a year ago in April, said Statistics Korea. This is the first gain above the 300,000 mark in three months. Previously, the number of jobs rose by 201,000 year-on-year in January and 249,000 in February. Accordingly, the number of the employed totaled 25,103,000 in April. According to the Ministry of Strategy and Finance, April's job growth was led by regular, manufacturing and construction, and older workers. In contrast, the self-employed, and service and younger workers felt the pinch in finding jobs.

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