Employment up 1.1% in July 2007

Seoul--(뉴스와이어)--Employment up 1.1% in July 2007 ( August 16, 2007 )

Employment

Total employment in July stood at 23.750 million, registering a gain of 303,000 or 1.3 percent, year-on-year. Seasonally adjusted employment increased on-month 17,000, pointing to 23.458million. The employment rate is up 0.2 percentage point to 60.6 percent.

Unemployment

Unemployment declined 3.4 percent, or 28,000, from a year earlier in July to stand at 795,000. The unemployment rate dropped 0.2 percentage point, recording 3.2 percent during the same period.

In seasonally adjusted terms, the unemployment rate rose 0.1 percentage point to 3.4 percent from the previous month. The number of seasonally adjusted unemployment in July increased 28,000 to 819,000.

The youth unemployment fell 0.4 percentage point to 7.6 percent from a year earlier.

Economic Participation & Economically Active Population

Total economic participation stood at 24.545 million, an increase of 275,000, or 1.1 percent. The economic participation rate stood at 62.6 percent, 0.1 percentage point up from a year earlier.

The number of economically inactive population in July recorded 14.660 million with an on-year increase of 116,000, or 0.8 percent.



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