S. Korea’s Oct. job loss largest in 6 months amid pandemic

Yonhap News Agency | Nov 11, 2020 at 2:16 AM
  • South Korea reported the sharpest on-year fall in jobs in six months in October, extending its job losses to an eighth month amid the protracted pandemic, data showed Wednesday.
  • South Korea has reported job losses every month since March, when the nation lost about 195,000 jobs, the first on-year job loss since 2009, due to the fallout of the pandemic.
  • The unemployment rate for young adults — those aged between 15 and 29 — came to 8.3 percent in October, up 1.1 percentage points from the previous year.