Inflation was fixed as employment increased by 52% in July and those in their 40s increased by 52% and the proportion of low-paid workers in their 60s increased in the manufacturing increase.
Job growth in July increased by 479,000 people aged 60 and over, decreased by 1,000 people in their 40s, and total jobs increased by 826,000 people.
Statistics Korea's statistics show that the number of people in their 40s, the mainstay of the industry, decreased, and 194,000 people in their 50s, 95,000 people in their 20s, and 62,000 people in their 30s increased, led by job growth for the elderly.
In July, the decrease in the number of jobs in their 40s was led by the decrease in the financial and insurance industry, the manufacturing industry contributed to the rapid increase in the 60s, and the employment in the 60s increased in the agricultural, forestry and health and welfare fields.
As for new employment, the number of temporary workers has decreased by 52,000 (-1.1%) and the number of daily workers has decreased by 77,000 (-6.1%) as the employment contract is strengthened.
On the other hand, the number of regular workers increased by 895,000 (6.0%) and the number of self-employed without employees increased by 49,000 (1.1%), a decrease of 67,000 (-6.2%) from unpaid family workers, and the self-employed with employees. showed an increase of 78,000 (6.1%).
The number of employed persons in July of Statistics Korea was 28,475,000, an increase of 826,000 (3.0%) compared to the same period of the previous year, the largest increase in 22 years after the 1.03 million increase in July 2000.
On the other hand, the number of employed people has continued to decline this year.
January (1135,000 people) February (1037,000 people) March (831,000 people) April (865,000 people) May (935,000 people) June (841,000 people) It was reduced to 826,000 in July.
The unemployment rate was 2.9% in July, down 84,000 (-9.1%) from July of the previous year from 836,000 unemployed.
In the United States, the unemployment rate of 3.5% in July was 96,000 in the leisure and hospitality sectors, but the professional office service sector (89,000 jobs) and the health care sector (70,000 jobs) led the job growth.
The U.S. Department of Labor's non-farm payroll count increased by 202,000 compared to April 2020, the early days of the coronavirus.
The average hourly wage in US employment rose 0.5% from the previous month and 5.2% from the same month of the previous year, respectively, in July, indicating prolonged wage market pressure from inflationary pressure.
In Korea, employment in July increased by 176,000 in manufacturing (4.1%), health and social welfare services (130,000, 4.9%), information and communication industry (95,000, 10.6%), and facility management rental service (-25%). 1,000 people, -1.7%) and the personal service industry of association repairs (-23,000 people, -2.0%) were structured.
The decline in the financial and insurance industry (-21,000 people, -2.6%), which led to the decline in those in their 40s, is the seventh consecutive month of decline and appears to be irreversible.
In July, when the manufacturing industry of the 60s showed an increase, the supply and demand of semiconductors for automobiles, the manufacturing of electrical equipment, and the manufacturing of automobile trailers increased from the increase in the manufacturing of machinery and equipment.
U.S. worker wages rose 5.2% year-over-year in July, the Labor Department said on the 5th.
The Wall Street Journal reported that "the rapid rise in workers' wages in the United States is a contributing factor to high inflation for 40 years." This is evidence that wages are continuing to rise in the job market where employers are looking for workers.”
In Korea, employment in their 60s appears to be increasing as an alternative to low-wage employment in the face of inflationary pressures.