On the 13th, Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance announced on the 13th, “In the first quarter of this year, we will prepare additional plans for promoting youth employment and expanding women’s jobs.”
Deputy Prime Minister Hong also said, “In the first half of this year, more than 45% of the number of employees hired by public institutions will be hired within the first half of the year, and the process of hiring 22,000 interns will begin as soon as possible during this month.”
On the same day, Deputy Prime Minister Hong held the Emergency Economy Central Countermeasure Headquarters Meeting and the Ministers’ Meeting related to the Korean Pannew Deal at the Seoul Government Building, and made such a statement.
The government also decided to spur direct hiring by the public sector to mitigate the short-term employment shock.
Deputy Prime Minister Hong said, “In the first quarter, when the employment shock is the greatest, we will focus on 80% of the direct jobs project planned this year, 830,000 people, and 44% of social service jobs, or 28,000 people, so that the public sector can play a supporting role. I will hire.”
In addition, he added, “Including the employment maintenance subsidy, 38% of this year’s job budget, which is 38% of the budget for execution management, will be executed early in the first quarter, and we will review the extension of the special employment support business, which is scheduled to end in March.” .
According to the’December 2020 and Annual Employment Trends’ released by the National Statistical Office on that day, the number of employees employed per year last year was 26.94 million, a decrease of 218,000 from a year ago, recording the largest decline in 22 years since 1998. .
The number of employed in December decreased by 628,000 people, showing the largest decline since February 1999 (-658,000 people).
Deputy Prime Minister Hong predicted, “In a situation where the physical strength of the job market has deteriorated considerably due to the employment shock caused by the corona, considering the base effect at the beginning of last year, it is expected that the difficult employment situation will continue from January to February.”
Copyright © Finance Today Unauthorized reproduction and redistribution prohibited
Sponsoring Finance Today