Elderly Women Take up Growing Proportion of Labor Force

      August 04, 2023 08:29

      Women in their 60s make up an increasing part of the labor force and fewer have time to look after their grandchildren.
      According to Statistics Korea, the number of employed women aged 60-69 stood at 1.92 million in June, up 145,000 or 8.2 percent on-year.
      Only 33,000 60-something women did not participate in economic activities because they were taking care of grandchildren while 1.68 million were housewives. In other words, 60-something women with jobs outnumbered the rest by 200,000. Their number first exceeded the rest in March and the gap is widening. 
      A woman looks at a bulletin board at a job center in Seoul on June 19. /News1
      In June, the proportion of over-60s participating in economic activities reached 48.2 percent of the age group, the highest for the month since records began.
      Some 59.6 percent of elderly people aged 65-74 said they want to have a job, compared to 47.7 percent a decade ago.
      The increase in working elderly women is attributed mainly to the growing demand for caregivers, the majority of whom are women. In June, some 375,000 elderly women were working in the welfare service sector, taking up the largest proportion or 20 percent of all employed women in their 60s.  
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