Business · Economy · 3 hrs ago
Busan’s employment rate rose to 59.2% in the third quarter
Busan’s employment rate reached 59.2% in the third quarter, up 0.5 percentage points from the same period last year.
The number of people with jobs rose by 11,000 to 1.717 million.
Unemployment fell by 8,000 to 29,000, while the unemployment rate dropped 0.4 percentage points to 1.7%.
Unemployment declined across age groups, with the number of unemployed people aged 15 to 29 falling by 38.7%.
The figures point to improved employment conditions in South Korea’s second-largest city compared with a year earlier.
Busan’s population aged 15 and over fell by 7,000, while its economically active population increased by 3,000.
Busan’s employment rate reached 59.2% in the third quarter, up 0.5 percentage points from a year earlier.
The city had 1.717 million employed people, an increase of 11,000 from the same quarter last year.
The number of unemployed people fell by 8,000 to 29,000.
Busan’s unemployment rate was 1.7%, down 0.4 percentage points year on year.
The Dongnam Regional Data Office released the employment figures on October 16.
- Who
- Busan’s employed and unemployed people.
- What
- The employment rate was 59.2%, up 0.5 percentage points from a year earlier.
- When
- The third quarter; the figures were released on October 16.
- Where
- Busan, South Korea.
- Why
- Not stated.
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- Employment rate
- 59.2% in the third quarter
- Year-on-year change
- Up 0.5 percentage points
- Employed people
- 1.717 million, up 11,000
- Unemployed people
- 29,000, down 8,000
- Unemployment rate
- 1.7%, down 0.4 percentage points