South Korea: Employment of people in 30s, 40s suffers biggest decline in nine yearsStaff Writer | October 7, 2018
The number of South Korean employees in their 30s and 40s suffered the biggest fall since 2009, government data showed Sunday, in the latest sign of sluggish employment amid an economic slowdown.
Asia The decline is the biggest since 2009
The decline is the biggest since 2009 when the number of South Korean employees in their 30s and 40s fell by 247,000.
South Korea has been suffering from sluggish employment for months due to an economic slowdown and protracted corporate restructuring of labor-intensive manufacturing sectors like shipbuilding and the auto industry. ■