City
Epaper

S. Korea's jobless claims rose 2.1% in May

By IANS | Published: June 12, 2023 3:00 PM

Seoul, June 12 South Korea's unemployment claims rose last month amid growing worries about an economic slump, Labour ...

Open in App

Seoul, June 12 South Korea's unemployment claims rose last month amid growing worries about an economic slump, Labour Ministry data showed on Monday.

The number of new applicants for job-seeking benefits was 86,000 in May, up 2.1 per cent from the same month of last year, according to the Ministry of Employment and Labour.

It was down from an increase of 3.1 per cent in April, but the number rebounded this year on the mounting concerns about economic downturn, driven by the continued export fall and the faltering housing market, reports Xinhua news agency.

The benefit applicants increased in the construction, the information and communications, the lodging and eatery, and the manufacturing industries.

The job-seeking benefits are offered by the government to help the unemployed seek jobs, taking up a majority of unemployment benefits.

It is financed by the state employment insurance fund.

The number of the benefit receivers totaled 657,000 in May, up 3.3 per cent from a year earlier.

It kept an upward trend for the fourth straight month.

The total payment of job-seeking benefits increased 4.8 per cent to 1.06 trillion won ($821 million) last month.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Ministry of Labour and EmploymentseoulSouth KoreansLabour MinistryThe Labour MinistrySouth KoreanSouth KoreaSouth Korean EmbassyUnion Labour MinistryFriday South KoreaSouth korean joint chiefs of staff
Open in App

Related Stories

Other SportsArchery World Cup 2024: India Women’s Compound Archery Team Strikes Gold Medal in South Korea

EntertainmentBTS V Reunites With Pet Dog Yeontan; Fans Say: Kim Taehyung Came Home

EntertainmentBTS RM's New Song 'Come Back to Me' Dominates iTunes Charts in 82 Countries

InternationalNuclear Envoys of South Korea, China Discuss Korean Peninsula Issues in Tokyo

InternationalSouth Korea, German Official Discuss Possibility of Unified Korea

Politics Realted Stories

NationalLok Sabha Election 2024: EC Sends Notice to BJP President JP Nadda and Congress Chief Mallikarjun Kharge, Asks Both Parties To Exercise Restraint

PoliticsAmit Shah Promises BJP Workers to Jail TMC 'Goons' Once Party Wins 30 Lok Sabha Seats in West Bengal (Watch Video)

PoliticsWater Crisis in Delhi: AAP Leader Atishi Accuses BJP of Stopping Yamuna Water Supply to Delhi

PoliticsManish Sisodia Custody Extended: No Respite for Former Deputy CM In Delhi Excise Policy Case

PoliticsLok Sabha Election 2024: BJP Issues Show Cause Notice to Sitting MP Jayant Sinha for Skipping Campaigning