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(LEAD) S. Korea's jobless rate rises in December

All Headlines 09:05 January 09, 2019

(ATTN: UPDATES with details)

SEJONG, Jan. 9 (Yonhap) -- South Korea's jobless rate rose slightly in December from a year earlier, government data showed Wednesday, despite ongoing efforts to create more jobs.

The unemployment rate stood at 3.4 percent last month, up 0.1 percentage point from a year earlier, according to the data compiled by Statistics Korea.

The number of employed people reached 26.63 million in December, an increase of 34,000 from the same month in 2017, according to the latest findings.

The unemployment rate for young adults -- those aged between 15 and 29 -- stood at 8.6 percent, down 0.6 percentage point from the previous year.

The manufacturing sector lost 127,000 jobs in December compared with the previous year, and the retail sector also saw a reduction of 63,000 positions.

In contrast, the health and social welfare sectors added 154,000 jobs, and the information and communication sectors saw an increase of 94,000 jobs last month.

For the whole of 2018, the unemployment rate for Asia's fourth-largest economy stood at 3.8 percent, up 0.1 percentage point from 2017.

The number of employed people reached 26.82 million in 2018, an increase of 97,000 from 2017. This marked the smallest gain since 2009, when corresponding figures fell by 87,000 from a year earlier.

The statistics agency said the number of jobless people stood at 1.073 million in 2018, the largest since 2000. It marked the third straight year that the number of jobless people surpassed 1 million.

Statistics Korea (Yonhap)

entropy@yna.co.kr
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