November 27, 2020 13:13
Some 160,000 jobs for young Koreans disappeared in the second quarter as the coronavirus lockdown blighted business activity. At the same time the government artificially created 225,000 jobs for senior citizens.
Statistics Korea on Thursday said there were 18.9 million employed people in the country in the second quarter, up 1.1 percent on-year. But the increase was the lowest on record and less than half the first quarter's 428,000.
The decline in jobs was especially dramatic for younger people. Some 82,000 jobs disappeared for workers in their 20s or below and the same number for those in their 30s.
The number of jobs for people in their 20s or younger declined six times more than in the first quarter, while jobs for people in over 60s (225,000) and 50s (128,000) increased.
In the manufacturing sector alone, 65,000 jobs were lost.
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