Due to social distancing, 34,000 subscribers of employment insurance for lodging and food businesses decreased in December
62,000 increase in public administration… Internet shopping malls, etc. increased by 21,000
As the unemployed people surged last year due to the new coronavirus infection (Corona 19), the unemployment benefit payment reached 12 trillion won, the largest ever.
According to the labor market trends announced by the Ministry of Employment and Labor on the 11th, the amount of job-seeking benefits paid in December of last year was estimated at 959.66 billion won.
From January to December of last year, the combined amount of job-seeking benefits was 11.85 trillion won, a record high. It exceeded the previous record, the 2019 payment amount (8,913 trillion won).
Job-seeking benefit is an allowance paid by the government through the employment insurance fund to support job-seeking activities for the unemployed. It accounts for most of the unemployment benefit and is usually called unemployment benefit.
The surge in job-seeking benefit payments last year was interpreted in the aftermath of the employment shock caused by Corona 19. The Ministry of Labor explained that strengthening the function of guaranteeing livelihoods, such as extending the period of payment for job search benefits from October 2019, also affected the increase in payments.
Last December, the number of new applicants for job-seeking benefits was 108,000, an increase of 12,000 (12.5%) from the same month last year. This is the largest since July last year (114,000 people).
The number of job-seeking benefits recipients rose to 600,000, up 181,000 (43.2%).
In December last year, employment insurance subscribers were 14.08 million, an increase of 239,000 (1.7%) from the same month last year.
The monthly increase in employment insurance subscribers gradually increased after hitting the bottom in May last year (155,000 people) when the Corona 19 incident began in earnest, and remained at the 300,000 range in September-November, but fell back to 200,000 in December. .
The number of employment insurance subscribers in the service industry, which has led the increase in employment insurance subscribers, was 9.666,000 in December last year, an increase of 241,000 (2.6%) from the same month last year. The increase was less than November (411,000 people).
As the government and local government job programs ended in line at the end of the year, the increase in subscribers in the public administration sector among the service industries was largely affected.
Employment insurance subscribers in the public administration sector increased by 205,000 from the same month last year in November of last year, but only increased by 62,000 in December.
The number of employment insurance subscribers in the lodging and food industry, which was directly hit by the third corona 19 spread, decreased by 34,000. The number of subscribers to the business service industry, including the travel industry, decreased by 14,000.
The number of subscribers to non-store retail businesses, including Internet shopping malls, whose demand surged due to social distancing, increased by 21,000, which was a contrast.
The number of employment insurance subscribers in the manufacturing industry, which is the backbone of the domestic industry, was 3.546,000 in December last year, down 21,000 (0.6%) from the same month last year.
The number of employment insurance subscribers in the manufacturing industry has declined for 16 months since September 2019. However, compared to the same month last year, the decline has gradually decreased since July last year (65,000 people).
Looking at the increase and decrease of employment insurance subscribers by age group in December of last year, those aged 60 and over increased by 171,000, and those in their 50s and 40s increased by 97,000 and 24,000, respectively. By comparison, those in their 30s decreased by 56,000, and those under the age of 29 only increased by 2,000.
It showed that the youth employment difficulties due to reductions and delays in hiring companies remain.
The monthly labor market trends released by the Ministry of Labor are targeting regular and temporary workers among employment insurance subscribers, excluding special employment workers, freelancers, self-employed, and ultra-short-time workers.
(yunhap news)