The number of newly employed in Korea climbed modestly in September, providing partial relief after the employment shocks seen in the months of July and August.
Data by Statistics Korea shows 45-thousand people were newly employed in September with the total number of people in the workforce tallied at over 27-million.
Korea's jobless rate overall stood at 3-point-6-percent last month which is a zero-point-three-percentage-point increase from the same period last year.
The youth unemployment rate decreased by zero-point-four-percentage-points on-year to stand at eight-point-eight-percent last month as employment for people in their 30s improved
Just a day before embarking on his trip to Europe, President Moon Jae-in held an interview with BBC for an overview of what his five-nation visit would be like.
The president is reported to have shared his vision on ways to build peace on the Korean Peninsula and drum up support of the international community.
That interview will air at 8 PM Korea time, with the full-length video of the interview set to made available on Tuesday.
President Moon also held an interview with France's Le Figaro, which will be printed on the 15th of Monday, local time
On Thursday, during the audit of the unification ministry the ruling party said the sanctions on North Korea need to be eased and the government needs to step up efforts to persuade the international community while the opposition argued that sanctions relief can only come after denuclearization and that the comments by U.S. President Donald Trump that Seoul needs approval from Washington to lift sanctions -- is a warning to the government for straying from that line.
On the labor committee, the parties argued about the government's minimum wage hike as the opposition bloc claimed that the government's policies have caused a crisis in the job market while the ruling party said structural issues are to blame.
As the trade war between the U.S. and China escalates, President Trump has warned there's a lot more he could do to hurt China's economy.
In an interview on Fox News on Thursday, President Trump praised his tariffs on Chinese imports. He said they've had a "big impact" in damaging China's economy, claiming it has gone down substantially.
Washington has so far imposed tariffs on 250 million dollars-worth of Chinese goods, with Beijing retaliating in kind. He also blamed previous U.S. presidents for allowing China to pursue unfair trade practices. Despite the rhetoric, Trump and Chinese President Xi Jinping are reportedly set to meet soon to try and defuse tensions.
Source: Arirang News
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