Jobs Decline for 12th Month
18 March, 2021
Careers declined for the 12th consecutive month in February. Statistics Korea said Wednesday that the amount of employed people in the united states dwindled by 473,000 in February in comparison to this past year. That was the longest task decline in Korea since the 1997 Asian financial crisis, when it continuing for 16 months.
The drop was smaller compared to the 628,000 jobs shed in December, when lockdown was tightened, and 982,000 in January. But acquiring the month of February by itself, it was the largest since 1999.
The true youth unemployment rate, which include persons between 15 to 29 who have given up looking for work, reached an astounding 26.8 percent, the highest on record.
But employment among persons more than 60 or increased because of artificial job-creation courses for them by the federal government.
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