김종찬의 안보경제블로그

Employment is reorganized mainly for low-wage workers in their 60s, and rising real estate interest rates due to low unemployment and high interest rates are deteriorating the economy. The US mortgage rate (30-year maturity) rose to 6.02% this week, more than double from 2.86% a year ago. Korea's unemployment rate is at an all-time low of 2.5%, with low-paid workers in their 60s accounting for 4..

Low unemployment is “the most dangerous” for high inflation, and it is expected that a hard landing will be applied to Korea’s high-inflation and low-employment system following the US. Larry Summers, who served as Treasury secretary in the Democratic administration, argued that “inflation control requires an unemployment rate of at least 5%,” followed by a statement by the Congressional Researc..