Number of new jobs lowest in 8 years

By Cho Chung-un
  • Published : Aug 17, 2018 - 16:29
  • Updated : Aug 17, 2018 - 16:30

The number of new jobs in July was the lowest in eight years, despite job creation being a priority of the Moon Jae-in administration, data showed Friday.


According to Statistics Korea, the number of newly added jobs last month increased 5,000 from the same month last year, marking the smallest gain on-year since January 2010 when the nation was suffering from the aftermath of the 2008 global financial crisis.

The number of unemployed remained around 1 million for the seventh consecutive month. The unemployment rate for young adults -- those aged between 15 and 29 -- was 9.3 percent, the same as the previous year.