Changwon City's Employment Rate Rises 3.1%p in First Half ... Clear Economic Recovery Trend

Changwon's employment rate in the first half of the year increased by 3.1 percentage points compared to one year ago.
[Image source=Yonhap News]

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] The employment rate in Changwon, Gyeongnam, in the first half of the year rose by 3.1 percentage points compared to a year ago, and the number of employed people increased by about 28,000, showing a clear economic recovery trend.

According to Statistics Korea on the 25th, the number of employed people in the Changwon area in the first half of this year was 521,600, an increase of 28,000 compared to the first half of last year.

By age group, the number of employed youth aged 15-29 was 62,000, an increase of 4,300 from last year. The employment rate rose to 39.3%. The number of employed middle-aged people aged 30-49 was 226,500, with an employment rate of 75.0%. The number of employed older adults aged 50-64 was 186,300, an increase of 8.4%, and employment among seniors aged 65 and over also increased by 20.6%.

By industry, the number of employed people in business, personal, and public services increased by 14,000 compared to the first half of last year. Retail, food service, and accommodation increased by 7,100; electricity, transportation, communication, and finance by 4,300; and construction by 2,500. Employment in mining and manufacturing remained steady at 151,800. Employment in agriculture, forestry, and fisheries decreased slightly by 500.

The number of unemployed people and the unemployment rate both decreased. The number of unemployed in the Changwon area was 20,300, down 1,000 (4.7%) from the previous year. The unemployment rate fell by 0.4 percentage points to 3.7%.

Changwon City understands that employment indicators improved mainly in the service sector due to social distancing measures, and considers blocking the resurgence of COVID-19 and maintaining quarantine measures important to continue the employment improvement trend.

Additionally, even in the manufacturing sector where the increase in the number of employed was minimal, the employment market showed signs of recovery. The city plans to invest efforts in expanding incentives for investment companies and strengthening export capacity support measures, expecting employment improvement in the second half of the year.

Mayor Heo Seong-mu said, "Although the local employment market showed signs of recovery in the first half of this year, it is premature to say that a full employment recovery has been achieved due to variables such as the resurgence of COVID-19. We will focus administrative capabilities on establishing COVID-19 quarantine measures, strengthening customized employment support policies, attracting corporate investment, and enhancing export capacity to firmly establish the employment improvement trend."

This content was produced with the assistance of AI translation services.