Youth Unemployment
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.
Three young men from Dalarna, frustrated by a lack of job interviews, have developed a web service that uses AI to match CVs with suitable job ads. The service aims to simplify job searching for others. They have started their own company based on their personal experience.
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A 20-year-old recent high school graduate shares frustration over the lack of permanent jobs after graduation. Despite applying and wanting to work, only summer and seasonal positions are available. The question arises how young people can get a chance in today's job market.