Growth in new employees drops to 5-month low in Aug. due to pandemic: ministry

People walk down a street in Seoul's financial district of Yeouido, Sept. 23. Yonhap
People walk down a street in Seoul’s financial district of Yeouido, Sept. 23. Yonhap


The growth in the number of new workers hired by businesses in August fell to a five-month low last month, as the COVID-19 pandemic continued to weigh down on the economy, the government said Thursday.

The total number of employees as of the end of last month stood at 18.85 million, up 224,000, or 1.2 percent, from a year ago, according to the Ministry of Employment and Labor, however, the rise was the smallest since March when the number increased by 193,000.

The ministry said that the number of people working at restaurants and hotels dropped by 35,000, while those in the travel and facility maintenance business also decreased by 12,000.

Workers in the government and public administration also fell by 85,000, recording a sharper drop that was seen as being due to the large increase in public hiring in August last year.

The number of employees in manufacturing, however, rose by 22,000, a fourth-consecutive monthly gain since May. Public health and welfare workers also increased by 112,000, and employees in the technology and telecommunications sectors also saw increases of 59,000 and 56,000, respectively. (Yonhap)


Growth in new employees drops to 5-month low in Aug. due to pandemic: ministry
Source: Buhay Kapa PH

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