South Korea: Youth unemployment rate worsens: 5th place → 20th place in 10 years

South Korea: Youth unemployment rate worsens: 5th place → 20th place in 10 years

2020.09.10

Youth unemployment rate in South Korea:

Of the OECD member countries
Especially Korean young people
Survey results show that they are suffering from severe employment difficulties.

Korea Economic Research Institute
Director Kwon Tae-shin

We analyzed the youth employment indicators of OECD member countries for 10 years from 2009 to 2019.

Youth (15-29 years old) unemployment rate:

It fell by an average of 4.4 points in OECD member countries.

on the other hand. South Korea is said to have risen 0.9 points.

South Korea’s youth unemployment rate worsens:

The average youth unemployment rate in OECD countries is

From 14.9% in 2009
10.5% in 2019,
Improved by 4.4 points.

On the other hand, South Korea

On the contrary, the youth unemployment rate was in the same period,
It deteriorated by 0.9 points from 8.0% to 8.9%.

Among the OECD member countries, South Korea’s youth unemployment rate plummeted by 15 ranks from 5th to 20th.

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100,000 NEET youths in South Korea who have not been employed for more than 3 years

2021/09/20

-Number of “unemployed youth”-

It has been revealed that the number of “unemployed youths” who have not been employed for more than 3 years and have not even tried to find a job in South Korea is approaching 100,000.

Korea Statistics Korea
Adolescent additional survey
Micro data analysis

Micro data analysis of the Korean Statistical Office’s Youth Additional Survey revealed on September 14.

As of May this year

“The number of adolescents (15-29 years old) who have been unemployed for more than 3 years” was found to be 278,000.

this house

Job hunting,
Vocational education,
Preparation for employment exam,
Not engaged in childcare / housework activities.

There are 96,000 “people who are just spending time”.

Chosun Online | Chosun Ilbo

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