In the aftermath of the Corona19 outbreak, last month’s temporary leave reached 1.67 million, the highest number ever. 1.26 million (363.4%) compared to the previous year the increase was the largest ever.
The number of people employed decreased by 195,000 compared to March last year. The decline in the number of people employed is the first in more than a decade since January 2010. The employment rate for 15-year-olds (59.5%) and the employment rate of 15-64 years (65.4%) compared to the OECD fell by 0.9 percentage points and 0.8 percentage points, respectively, compared to the previous year.
■The largest increase in the number of temporary leaves in history
1.66 million people (363.4%) were employed last month for 1.67 million people who were employed but had zero hours of employment. increased. Both scale and growth are the highest since the statistics were compiled in 1983.
At the briefing, Yi Soon-hyun, director of the Social Statistics Bureau of the Statistics Bureau, said, “The company uses a lot of temporary leave because it is expensive to send out and re-select employees,” and “the increase in temporary leave is reflected not only in government jobs, but also in all areas, such as aviation and education services.”
142,000 (29.8%) of the previous month’s temporary leave the largest increase in 10 years. The impact of the widespread proliferation of Corona 19 on the domestic economy appears to have been in full swing, mainly on temporary leave of employment in the last month.
The number of people employed decreased by 195,000, a monthafter. It was the first time in 10 years and two months since January 2010 (-10,000) that the number of people employed was negative compared to the previous month. The decline was the largest since May 2009 (-240,000). The number of people employed increased by 568,000 in January and 492,000 in February when the Corona 19 spread began, but the spread of Corona 19 has declined.
The employment rate for people aged 15 and over was 59.5%, down 0.9 percentage points from the previous month. Compared to the OECD, the employment rate for 15-64 year olds (production age population) decreased by 0.8 percentage points to 65.4%.
The unemployment rate was 4.2%, down 0.1 percentage points from the previous month. The number of unemployed decreased by 17,000.
The number of people in non-economic activity surged by 516,000 compared to the previous year, while the number of people employed and unemployed, classified as economic activity population, decreased. Of these, 366,000 people took a break.
“In order to reduce face-to-face contact, it appears that the test has been postponed, and that the number of job seekers has decreased, and they have chosen to take a break,” Said Silver. Job seekers are statistically classified as unemployed.
■Wholesale retail, temporary employment plunge
Employment declines were significant in the service industry, where the impact of face-to-face contact due to corona19 infection concerns was significant. There was a decrease in the number of people employed in the metropolitan and retail industries (-168,000), accommodation and restaurants (-109,000), and education services (-100,000). The decline in the number of people employed in the metropolitan, retail, hospitality and restaurant industries was the largest since the statistical classification reorganization was made in January 2014. “The corona 19 influence was significant, mainly in industries where face-to-face contact is taking place,” Said Silver.
The number of manufacturing jobs, which have increased since January, dropped by 23,000 last month. The construction industry also decreased by 20,000, which was greater than in February. On the other hand, the number of people employed in agriculture and forestry (+134,000), health and social services (+82,000), transportation and warehouse (+71,000) increased. The increase in transportation and warehousing business is interpreted as the effect of non-face-to-face contact activation through online shopping.
By the end of the year, temporary workers were the most affected by the spread of Corona 19. The number of temporary workers decreased by 420,000 compared to the same month last year, the largest decrease in 21 years since December 1998 (-447,000) during the financial crisis. “The number of temporary workers has decreased, mainly in the metropolitan and retail sectors, accommodation, food, and education services,” Said Silver. In the sluggish industry, it appears that temporary employment, such as part-time jobs, has been reduced to reduce costs. The number of workers employed in daily labor decreased by 173,000, while commercial workers increased by 459,000.
■Youth employment decreases to 11 years
By age group, the number of people employed decreased in all age groups except those over 60 years of age. 336,000 people over the age of 60 increased, but the decline was large, with 15-29 (-176,000), 40s (-120,000), 30s (-108,000) and 50s (-75,000). By February, the 30s and 50s had increased to negative, and the increase over the age of 60 was significantly lower than in February (570,000).
Employment losses were largely evident in young adults aged 15-29. The decline in the number of people employed was the largest in 11 years and two months since January 2009 (-262,000) in the aftermath of the global financial crisis. The youth employment rate (41.0%) also fell by 1.9 percentage points compared to the previous month.
This is interpreted as being associated with a sluggish employment in the service industry and temporary jobs, where the proportion of young people employed is high. “The 20-something employment was affected in the metropolitan, retail, hospitality, restaurant, and education services sectors,” explains Mr. Silver. The decrease in the number of people employed in the early 20s (20-24 years old) (-142,000) was greater than the late 20s (25-29 years old, -34,000 people) with a relatively high proportion of temporary jobs such as part-time jobs.