Job loss in Korean manufacturing sector slows in November

2023.12.14 11:53:01 | 2023.12.14 15:59:30

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The job cuts in South Korea’s manufacturing sector have slowed down sharply in November, signaling improved labor conditions, data showed Wednesday.

According to data released by Statistics Korea, the country added 28.7 million jobs in November, up 277,000 from the same month a year ago.

The manufacturing sector, known for providing quality jobs, added 4.49 million jobs in November, down 11,000 from the same period last year.

The number of jobs in the manufacturing industry declined on year but the loss has narrowed.

The manufacturing sector had shed 69,000 jobs in August, 72,000 jobs in September, and 77,000 in October.

By Lee Yoon-sik and Han Yubin

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