Employment Rate in Busan Rises Slightly in November

Busan said the employment rate was 57.5% last month, up 0.8 percentage points from the same month last year.

November marks the tenth month in a row for the rise in the employment rate. The number of employed came to 169,000, up 16,000 from the same month last year.

The number of employment in manufacturing and construction, however, declined due to the domestic recession, by 7.8 and 5.2 percent respectively.

By age, the employment rate for youths aged between 15 to 29 increased by 4.5% year-over-year, and those under 64 also rose by 1.2 percentage points compared to the same month last year.

The number of employment for the 30s decreased by 1.4% as well as those in their 40s decreased by 2.8%.

Employment rate for those in their 50s and 60s increased by 2% and 4%, respectively.

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