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South Korea – Number of ‘effectively unemployed’ tops 4.5 million in 2016 (The Korea Herald)
By memberservices@staffingindustry.com (Danny Romero)
The number of South Koreans “effectively unemployed” surpassed 4.5 million for the first time in 2016, reports The Korea Herald, with data from Statistics Korea. The number of “effectively unemployed” Koreans includes those without a job, prospective job seekers and people who work less than 18 hours a week. The 4.5 million figure is higher than the number of “officially unemployed” Koreans formally counted last year which was at 1.01 million people.
Source:: South Korea – Number of ‘effectively unemployed’ tops 4.5 million in 2016 (The Korea Herald)
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