South Korea’s jobless rate hits 10-year high


Taking a hit: A pedestrian walks past a Covid-19 banner in Seoul. The nation shed 628,000 jobs in December compared with the prior year, a tenth straight monthly drop and the most since February 1999. — Bloomberg

SEOUL: South Korea lost the most jobs in two decades and the unemployment rate hit a 10-year high as the country’s worst coronavirus outbreak yet forced businesses to slash hiring.

The nation shed 628,000 jobs in December compared with the prior year, a tenth straight monthly drop and the most since February 1999.

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South Korea , economy , jobless , rate , workers , restaurants , hotels ,

   

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