Economic Indicators

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South Korea's job market surge with 234,000 new jobs contrasted by record-high youth unemployment among 15-29 year olds.
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South Korea adds 234,000 jobs in February; youth unemployment hits 5-year high

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South Korea added 234,000 jobs in February, marking the fastest on-year growth in five months, though youth employment slumped and construction losses persisted. Youth unemployment for ages 15-29 reached 7.7 percent, the highest for any February since 2021. The total number of employed people rose 0.8 percent to 28.41 million, per Ministry of Economy and Finance data.

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