Coronavirus Costs Millions of Jobs

      October 22, 2020 11:48

      The coronavirus epidemic has made an average of 720,000 jobs per month disappear over the eight months from February to September, according to a report by the Korea Development Institute published Wednesday.

      The report estimates that 915,000 jobs were lost in March and 826,000 in September as a direct result of the epidemic.

      Jobseekers look at a job bulletin board in an employment office in Seoul on Oct. 16. /Newsis

      The KDI compared changes in the number of people in employment in previous years and this year's figures to predict the impact of the crisis.

      It believes that 160,000 manufacturing jobs vanished during the period, which in turn may cost the equivalent number of jobs in the service sector in the next 10 years.

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