Seoul--(뉴스와이어)--Employment

The total number of employed in January amounted to 22.471 million, registering a gain of 393 thousand from a year earlier. However, the figure decreased 228 thousand from the previous month.

Year-on-Year Employment growth

284 thousand (Oct 2005) -> 389 thousand (Nov) ->205 thousand (Dec) -> 393 thousand (Jan 2006)

By industry, business services and personal & public services hired 358 thousand people more than the previous year, while electronics, transportation, telecommunications and finance industries employed 105 thousand more. On the other hand, the number hired by agricultural, forestry and fishing industries shrank by 44 thousand and that by the manufacturing sector 51 thousand.

Unemployment

The number of unemployed stood at 869 thousand with an on-year decrease of 111 thousand, or 11.3 percent. The unemployment rate recorded 3.7 percent, falling 0.5 percentage point from the same month the previous year.

The seasonally-adjusted unemployment rate exhibited 3.4 percent, falling 0.1 percentage point from the previous month. Youth unemployment amounted to 384 thousand, down 1.3 percentage point on-year and up 0.1 percentage point on-month.

Economically Active Population

The economically active population in January recorded 23.340 million with an on-year increase of 282 thousand and an on-month decrease of 186 thousand. The economic participation rate dropped 0.2 percentage point from a year ago, posting 60.6 percent.

Economically Inactive Population

The economically inactive population in January amounted to 15.206 million with increases of 341 thousand on-year and 299 thousand on-month.