Unemployment insurance subscriptions increased 2.3 percent on year in March, according to the Ministry of Employment and Labor on Monday.
The number of contract workers rose by 945,000 since President Moon Jae-in assumed office in May 2017, an analysis by an opposition lawmaker claimed.
Over 14,000 people claimed unemployment benefit multiple times last year, according to a report released by the office of Rep. Yoon Jun-byeong of the Democratic Party, a sign of abuse of the system — but not in an illegal way.
Losing a job is tough. Applying for unemployment benefits is no picnic either.
In the pandemic-hit job market, job losses are not the only issue — more Koreans are now barely making ends meet as part-time workers.
In October, the number employed dropped 421,000 on year. That is the biggest drop since April, when 476,000 positions vanished on year. The job market has been contracting year-on-year for eight months. This hasn’t happened since 2009.
Monthly unemployment benefits fell below 1 trillion won ($897 million) for the first time since May. The growth rate of unemployment claims is slowing. The government easing on social distancing seemed to have helped small businesses.
More than 1 trillion won of unemployment benefits were paid out in August. It was the fourth consecutive month in which the government disbursements to those out of work exceeded that amount, though the total was slightly less than in July.
Ms. Kim is in her 60s and needs a job. She worked for a fast food restaurant in downtown Seoul for 14 months, but was recently laid off.
Unemployment benefits paid out by the government hit an all-time high in July, reaching nearly 1.2 trillion won ($1.01 billion). They benefit have been breaking records every month since February, when the coronavirus crisis hit Korea.