[THE INVESTOR] South Korea’s job market recovery was stagnant in the first quarter of this year amid weak economic growth, data showed on Aug. 2.
South Korea‘s employment rate for people aged 15-65 stood at 65.9 percent for the January-March period, unchanged from the three months prior, according to the OECD data cited by the Korea Institute of Public Finance.
The average employment rate for all OECD members came to 66.8 percent in the first quarter, up 0.3 percentage point from the previous quarter.
Major OECD member countries saw their figures improve.
Germany’s employment rate rose to 74.4 percent in the first quarter from 74.2 percent three months earlier, with the figure for Japan also edging up to 74 percent from 73.6 percent. The United States saw its employment rate climb to 69.3 percent from 68.9 percent.