A total of 27.6 million people were employed in August, up 1.9 percent on year, the sixth consecutive month in which the number of jobs rose and the fifth month in a row in which gains were above 500,000.
Consumer prices rose 2.6 percent in August compared to the same period a year ago, according to Statistics Korea on Thursday. August was the fifth consecutive month in which consumer prices rose more than 2 percent.
Household income fell 0.7 percent on year in the second quarter to 4.29 million won ($3,600), mainly as a result of the high level of government payments in the same period in 2020.
A total of 27.6 million people were employed in July, up 2 percent on year, the fifth consecutive month in which the number of jobs rose and the fourth month in a row in which gains were above 500,000.
According to a Statistics Korea report, as of the second quarter, there are 1.65 million people 70 years old or older who have jobs. When compared to the same period a year earlier, that’s a 9 percent increase.
In 2020, 233,000 entered the country and stayed more than 90 days, down 46.8 percent on year, while 362,000 in the country for more than 90 days left, down 15 percent.
Total employment grew in June, more evidence of a recovery from the earlier phase of the Covid-19 pandemic. For the first time in more than five years, the number of people in their 40s with jobs increased compared to the previous year.
Online purchases in Korea topped 16 trillion won ($14 billon) for the first time, and mobile purchases are starting to catch up.
Inflation in June rose 2.4 percent. Consumer price has gone up more than 2 percent for a third consecutive month.
Industrial production rose 15.6 percent in May on year, Statistics Korea reported Wednesday, the fastest rate since June 2010. On month, it fell 0.7 percent.