South Korea’s temporary workers saw an increase of 1.0% year over year to 4.71 million in April 2022, according to data released by Statistics Korea.

When compared to the previous month, the number of temporary workers grew by 1.2%.

Statistics Korea data also showed that the unemployment rate stood at 3.0% in April, down 1.0% year-on-year.

On a seasonally adjusted basis, the unemployment rate stood at 2.7%, down from 3.7% compared to the previous year and unchanged from the previous month.

The number of unemployed persons totalled 873,000 people in March, which decreased by 342,000 persons or 28.2% year-on-year.

The number of employed persons totalled 28.07 million persons in April, which went up 865,000 persons or 3.2% year on year.

By sector, the business, personal, public service & others sector saw a 5.0% increase while on the other hand, wholesale & retail trade, accommodation & food reported a decrease of 0.7%.

South Korea’s economically active population stood at 28.94 million persons in April, which grew 582,000 persons or 2.1% year-on-year. The labour force participation rate stood at 64.0% in April, up 1.0% year-on-year.

The Korea Herald reports that while the country has reported job growth every month since March last year as the job market improved amid the economic recovery, the finance ministry said the pace of job growth may slow in the coming months due to a high base effect and heightened economic downside risks, such as the war between Russia and Ukraine, and China's Covid-19 lockdowns of Shanghai and major cities.