{"id":2206240,"date":"2024-08-22T08:00:54","date_gmt":"2024-08-21T23:00:54","guid":{"rendered":"https:\/\/koreapro.org\/?p=2206240"},"modified":"2024-08-21T17:24:11","modified_gmt":"2024-08-21T08:24:11","slug":"south-koreas-job-numbers-grew-in-first-quarter-but-covid-19-surge-casts-shadow","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/08\/south-koreas-job-numbers-grew-in-first-quarter-but-covid-19-surge-casts-shadow\/","title":{"rendered":"South Korea\u2019s job numbers grew in first quarter but COVID-19 surge casts shadow"},"content":{"rendered":"

South Korea\u2019s wage worker jobs increased by 314,000 in Q1 2024 compared to the same period last year, bringing the total to about 20.5 million, according to <\/span>Statistics Korea<\/span><\/a>. The health and social welfare sectors led the growth, adding 139,000 jobs, followed by gains in transportation, warehousing and accommodation services. Manufacturing also saw notable increases in shipbuilding, automotive parts and aerospace industries.<\/span><\/p>\n

The data highlights a significant rise in jobs for workers aged 60 and above, while employment for those under 30 and in their 40s declined. Gender-wise, female employment outpaced male employment, with increases of 249,000 and 65,000 jobs, respectively. Job growth was observed across all types of organizations, with corporate entities leading the way.<\/span><\/p>\n

WHY IT MATTERS<\/b><\/p>\n

The increase in health and social welfare jobs reflects South Korea\u2019s <\/span>aging population<\/span><\/a>. While manufacturing has also seen job increases, this trend may change as <\/span>COVID-19 cases surge<\/span><\/a>. While the health sector may temporarily benefit from increased demand for workers, other sectors, including manufacturing, could face disruptions if a growing number of people have to self-isolate at home.<\/span><\/p>\n

The pandemic\u2019s resurgence could also exacerbate the challenges for younger workers, who are already seeing job declines. Renewed social distancing measures may slow production in manufacturing and lead to setbacks for accommodation and food service sectors. This could result in layoffs or reduced hiring, further deepening the demographic imbalance, especially as large conglomerates appear to <\/span>favor hiring older workers<\/span><\/a>.<\/span><\/p>\n

Job growth has been one of the Yoon administration\u2019s most <\/span>publicized achievements<\/span><\/a>. Job cuts and built-in <\/span>weakening business sentiments<\/span><\/a> may cause President Yoon Suk-yeol and the ruling People Power Party to lose even more <\/span>public support<\/span><\/a>.<\/span><\/p>\n

Business & Economy<\/span><\/a>Culture & Society<\/span><\/a>Domestic Politics<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"

South Korea\u2019s wage worker jobs increased by 314,000 in Q1 2024 compared to the same period last year, bringing the total to about 20.5 million, according to Statistics Korea. The health and social welfare sectors led the growth, adding 139,000 jobs, followed by gains in transportation, warehousing and accommodation services. Manufacturing also saw notable increases […]<\/p>\n","protected":false},"author":10407,"featured_media":2206241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,25,27],"yoast_head":"\nSouth Korea\u2019s job numbers grew in first quarter but COVID-19 surge casts shadow - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/08\/south-koreas-job-numbers-grew-in-first-quarter-but-covid-19-surge-casts-shadow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea\u2019s job numbers grew in first quarter but COVID-19 surge casts shadow - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s wage worker jobs increased by 314,000 in Q1 2024 compared to the same period last year, bringing the total to about 20.5 million, according to Statistics Korea. The health and social welfare sectors led the growth, adding 139,000 jobs, followed by gains in transportation, warehousing and accommodation services. 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