Koreans at the height of their lives lose at work-Chosun Ilbo: Daily News from South Korea

The employment rate of South Korea in its 30s and 40s, which is the backbone of the economy of every country, has dropped significantly and is now ranked near the bottom of the OECD.

The Korea Institute of Economic Research said on Wednesday that the employment rate of people in their 30s and 40s in South Korea was only 76.2% last year, 85.8% in Germany, 85.1% in Japan and the UK, and 81 in France. He said it was much lower than 9.9%.

In all of these countries, rates increased compared to 2015 (0.9 percentage points in Germany and France, 2.7 percentage points in Japan and 2.1 percentage points in the United Kingdom), but fell 0.7 percentage points in South Korea.

“People in their 30s and 40s are the most active and productive age groups in the enterprise and are also important in society from a marriage and childbirth perspective,” KERI said. “Low employment rates in these age groups can lead to an overall weakening of our economy.”

See the bulletin board at the KINTEX job fair held in Ilsan, Gyeonggi Province on October 7. / Yonhap News

In terms of numbers, the number of employees in the age group decreased from 12.62 million in 2015 to 11.71 million last year. The biggest decline was, of course, in the hospitality and other service industries affected by the global blockade, with 76,516 jobs lost.

Next were education services (71,102 job losses), wholesale and retail (53,743), and manufacturing (50,406).

More people just gave up looking for a job. The number of people in their 30s and 40s who lost their desire to find employment increased from 129,258 in 2015 to 171,358 last year, and since 2018, it has achieved a particularly rapid growth of 12% per year. For all ages, this figure has grown by only 7.5%.

KERI’s Kim Young-chun said, “Because employment shortages in their 30s and 40s are a huge loss to the economy and society, the government not only focuses on employment growth, but also encourages them in a high-quality position. Should be built. ” To find a job again ”

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