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South Korea's Job Market Hits 26-Year Low in July

8/13/2025

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Summary

Story summary

South Korea's job market tightened in July 2025, with 0.4 job openings per seeker, the lowest in 26 years.
New job listings decreased by 16.9% to 165,000, while new job seekers rose by 5.5% to 411,000.
The manufacturing sector experienced job declines, whereas the service sector, especially health and welfare, grew.
Unemployment benefits rose by 3.3% to 1.11 trillion won, despite a 0.6% drop in new claims.

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Story summary

South Korea's job market tightened in July 2025, with 0.4 job openings per seeker, the lowest in 26 years.
New job listings decreased by 16.9% to 165,000, while new job seekers rose by 5.5% to 411,000.
The manufacturing sector experienced job declines, whereas the service sector, especially health and welfare, grew.
Unemployment benefits rose by 3.3% to 1.11 trillion won, despite a 0.6% drop in new claims.