[종합2보] The number of employees employed in February, 473,000 ↓… 26.8% of experienced unemployment rate for youth continues’employment cold wave’

Last month, the decline in the number of employed fell to half the level of the previous month. However, the employment conditions of young people (15~29 years old) are slow to improve. One in four economically active people is virtually unemployed.

In the’February Employment Trend’ released on the 17th, the National Statistical Office revealed that the number of employed last month was 2,6365,000, a decrease of 473,000 from the same month of the previous year. The employment rate was 58.6%, down by 1.4 percentage points (P), and the employment rate for those aged 15 to 64, which is the comparison standard of the Organization for Economic Cooperation and Development (OECD), fell 1.5 percentage points to 64.8%. Overall employment conditions have improved significantly compared to the previous month, but the decline in the employment rate has continued for 12 months. As of February, the employment rate over the age of 15 was the lowest since 2013, and the OECD comparison standard employment rate was the lowest since 2013. In the previous month, which showed the worst employment indicator, the number of employed fell by 982,000, and the employment rate fell by 2.6 percentage points.

In particular, the employment conditions of the young people are still in place. By age group, the employment rate for those aged 15 to 65 fell, but for those aged 65 and over, the rate rose 0.3 percentage points to 31.6%. The number of employed increased by 158,000. It is the effect of the resumption of senior jobs among financial jobs. On the other hand, among the young people, the number of employed decreased by 142,000 and the employment rate fell 0.9%p.

The unemployment rate also rose 0.8 percentage points to 4.9% for all age groups, but increased 1.1 percentage points to 10.1% for the youth. Employment Subsidy Index 3, the concept of the extended unemployment rate, surged 3.7 percentage points to 26.8% for the youth. Among the youth, the economically active population and the unemployed showed an increase. This means that although the number of young people who started looking for jobs increased by easing distance and providing financial jobs, they were not ready for jobs that much.

In this regard, Sang-Bong Oh, a research fellow at the Korea Labor Institute, held a presentation on the topic of’Changes in the Labor Market After Novel Coronavirus Infection (Corona 19)’ at the ‘2nd Korean Social Trend Forum’ held by the National Statistical Office. Although it had a big impact, Corona 19 had a big impact on the service industry.” He said, “In addition to service and sales jobs, professional workers such as academy instructors were greatly affected. Pointed out.

After March, the indicators are expected to improve due to the base effect of the sharp decline in the number of employed people last year. Employment indicators have sharply deteriorated since March of last year, when the first corona19 epidemic spread. Chung Dong-myeong, head of the Social Statistics Bureau of Statistics Korea, said at a briefing on employment trends, “there is Corona 19, and it is difficult to predict due to various effects.”

The government plans to implement an additional budgetary budget, which includes’emergency employment measures’, such as customized jobs for 275,000 people, as soon as the National Assembly passes. The Ministry of Strategy and Finance said, “We will continue to promote the previously announced employment measures for young people and women without any problems.”