Supply-Demand Mismatch Blamed for Unemployment Problem

      June 25, 2015 09:20

      The Daejeon area suffers from the worst job shortage in Korea, but South Jeolla Province has a shortage of labor.

      The Korea Employment Information Service looked at the discrepancy in regional labor demand and supply and found that the mismatch is the main reason for unemployment. It analyzed employment ads posted online in 16 metropolitan and municipals areas last year.

      It found that 62.8 out of every 100 jobseekers were unable to find work due to this mismatch. Of the 62.8, about half saw a shortage of demand, while 32 percent were not qualified enough for the jobs available. Some 11 percent did not have enough information about available work.

      Daejeon suffered the lowest labor demand with 62.2 out of every 100 jobseekers failing to find a job because there was no work. Seoul and North Jeolla Province came next with 49.6.

      But in South Gyeongsang and South Jeolla provinces and Jeju there were ample jobs but not enough workers.

      In Gwangju, Ulsan and South Gyeongsang Province quite a number of people had difficulty finding a job due to lack of work information or unsatisfactory working environment.

      North Chungcheong Province, South Jeolla Province and Ulsan also saw a labor shortage because applicants' skills did not meet the expectations of employers.

      A KEIS spokesman said, "Employment policies must be adjusted according to region."

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