46.8% of 2030 Job Seekers Give Up... 'Record High Ever'
[Asia Economy Reporter Jang Sehee] Among the record-high number of discouraged job seekers as of June, 46.8% were in their 20s and 30s. The proportion of discouraged job seekers aged 60 and over rose by 8.2 percentage points from the previous year to 28.6%. Discouraged job seekers refer to people who want to find employment but have given up or are taking a break from job searching because they believe they cannot find suitable work or lack qualifications such as education, experience, or age.
According to Statistics Korea on the 19th, the number of discouraged job seekers in June was 583,000, an increase of 46,000 from a year earlier. This marks the 16th consecutive month since March last year that the record for the same month has been broken. The prolonged COVID-19 pandemic appears to have frozen the job market. Among the total, those in their 20s numbered 186,000 and those in their 30s numbered 87,000, with the 20s and 30s combined reaching 273,000 (46.8%). Compared to a year ago, the number of discouraged job seekers in their 20s increased by 100,000, while those in their 30s decreased by 90,000, resulting in a net increase of 10,000. By gender, the number of discouraged male job seekers in their 30s decreased by 130,000 compared to the previous year, while the numbers for females in their 30s and both males and females in their 20s all increased.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
- "Am I Really in the Top 30%?" and "Worried About My Girlfriend in the Bottom 70%"... Buzz Over High Oil Price Relief Fund
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
The number of discouraged job seekers aged 60 and over was 167,000, an increase of 57,000 from a year earlier. Their share among all discouraged job seekers also jumped from 20.4% to 28.6%, up 8.2 percentage points. Meanwhile, the willingness of the elderly to participate in the labor market is also reflected in other indicators. As of June, the number of employed persons aged 60 and over was 5.62 million, an increase of 399,000 from a year earlier. The number of unemployed persons aged 60 and over was 181,000, up 11,000 from a year earlier.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
