The base effect also acts on the third corona spread and distance-disting effect… 11 consecutive months decline
1.57 million unemployed, the largest since the statistics were written in June 1999… 17.8 million inactive population
In January, there was a’employment shock’, where the number of employed people reached 1 million.
This is the largest decline since the end of 1998, when the International Monetary Fund (IMF) financial crisis.
The number of unemployed people has surpassed 1.5 million for the first time ever.
The impact of high-intensity social distancing from the third spread of the novel coronavirus infection (Corona 19) and the base effect of employment improvement in January last year before the outbreak of the coronavirus appear to have had a combined effect.
◇ The largest reduction in the number of employed after the coronavirus
According to the’January Employment Trend’ released by the National Statistical Office on the 10th, the number of employed last month was 2,5818,000, down 982,000 from a year ago.
This is the largest decline since December 1998 (-1283,000 people) during the financial crisis.
The decline in the number of employed has continued for 11 consecutive months since the start of the Corona 19 crisis in March last year.
During the financial crisis (January 1998 to April 1999), it is the longest period since the decline for 16 consecutive months.
Last year March (-195,000 people, April (-476,000 people), May (-392,000 people), June (-352,000 people), July (-277,000 people), In August (-274,000 people), September (-392,000 people), October (-421,000 people), November (-273,000 people), and December (-628,000 people) The decline continued until the first month of the new year, but this is the first time that the decline has reached 1 million.
Chung Dong-wook, head of the Statistical Office’s Employment Statistics Division, said, “As the distance between them increased on December 8th, the decline in the number of employed in the face-to-face service industry such as lodging and restaurant business, wholesale and retail business has expanded.” There was also a decrease in daily employment due to,” he said.
He added, “Because the number of employed in January of last year increased by 568,000, the base effect also worked.”
◇ Face-to-face service industry hit… Reduced number of employees of all ages
The number of employees employed in January decreased significantly in lodging and restaurant businesses (-367,000 people), wholesale and retail businesses (-218,000 people), associations, organizations, repairs, and other personal service businesses (-103,000 people).
The decline in the number of employed in the lodging/restaurant business and wholesale/retail business increased by 54,000 and 21,000, respectively, compared to the previous month, which is analyzed as the effect of strengthening distance.
Health and social welfare services (-74,000 people) and construction (20,000 people) also saw a decrease in the number of workers employed, both of which had increased employment until the previous month.
By age, the number of employed is in their 20s (-255,000), in their 30s (-273,000), in their 40s (-210,000), in their 50s (-17 million), and over 60 (-15,000). ) In all industries.
Even if the number of employed people in their 20s to 50s decreases during the Corona 19 outbreak, the number of employed people over the age of 60 tended to increase, but last month, the number of employed people over the age of 60 has decreased.
This is the first time since February 2010 (-40,000 people) that the number of people aged 60 or older has decreased.
This also seems to have an impact on the economically active population survey after the end of the year-end employment program for the elderly before starting anew.
By employment status, temporary workers (-563,000 people), daily workers (-232,000 people), and self-employed people with employees (-158,000 people) decreased significantly.
According to statistics, the number of temporary leavers classified as employed increased by 346,000 to 892,000.
◇ 1.57 million unemployed, 17.58 million inactive population, all the largest
The employment rate over the age of 15 was 57.4%, down 2.6 percentage points from a year ago.
As of January, it is the lowest since 2011 (57.0%).
The employment rate for those aged 15 to 64, which is the comparison standard of the Organization for Economic Cooperation and Development (OECD), fell 2.4 percentage points to 64.3%.
The employment rate for young people aged 15 to 29 fell 2.9 percentage points to 41.1%.
The number of unemployed people reached 1.57 million, an increase of 417,000 from a year ago.
This is the largest since June 1999 when the unemployment statistics were reorganized.
This is the first time that the number of unemployed has exceeded 1.5 million.
The unemployment rate was 5.7%, up 1.6 percentage points from a year ago.
As of January, it is the highest since 2000.
The unemployment rate for youth aged 15 to 29 rose 1.8 percentage points to 9.5%.
The number of inactive economically active population is 17.8 million, an increase of 867,000.
It is the largest since June 1999.
Among the inactive population, the’resting’ population also increased by 379,000 to 2715,000.
This is the largest since January 2003 when statistics were written.
The number of people who gave up job hunting increased by 233,000 to 775,000.
/yunhap news