Last month, 476,000 workers in businesses increased, the largest since Corona

Last month, the number of employees at businesses increased by 476,000 compared to the same period last year, the highest since December 2019, before the spread of COVID-19. The number of regular and temporary daily workers increased by 238,000 and temporary daily workers by 226,000.

According to the ‘December 2021 Labor Force Survey Results’ announced by the Ministry of Employment and Labor on the 27th, as of the last business day of December last year, 18,927,000 people were employed in businesses with one or more workers, 476,000 (2.6%) from the same month last year. increased. The sectors in which the number of workers increased the most were the health and social welfare industries (119,000 people), the education service sector (80,000 people), and the professional, science and technology service sector (67,000 people). Business facility management, business support and rental service business (-7,000 people), transportation and warehouse business (-6,000 people), and finance and insurance business (-4,000 people) decreased.

What is notable is that the accommodation and restaurant industry, which was hit directly by COVID-19, continued to increase for the second month in a row. Last month, the number increased by 50,000 compared to the same month last year.

By occupational position, the number of regular workers increased by 238,000 (1.5%) and the number of temporary daily workers increased by 226,000 (13.1%). The number of regular workers increased mainly in industries related to quarantine and digital transformation.

The number of new employees increased by 80,000 (10%) compared to the same month of the previous year, and the number of people who left the job decreased by 155,000 (-13.3%). The employment rate increased by 4.0 percentage points to 49%, while the turnover rate decreased by 1.0 percentage point to 5.6%. In particular, involuntary turnover decreased by 118,000 and other turnover by 79,000. The Ministry of Labor explained, “In December 2020, due to the third wave of COVID-19 and the termination of public job projects, involuntary and other turnover increased significantly, which appears to be a base effect.”

As of November of last year, the average monthly wage per worker stood at 3.43 million won, a 4% increase. The number of regular workers rose 3.9 percent to 3,612,000 won, and the number of temporary daily workers rose 3.1 percent to 1,714,000 won. Despite the rise in the nominal wage, the real wage has not kept pace with the rate of inflation and has been stagnant. The real wage during this period was 3.3 million won, up 0.2 percent from the previous year. From January to November of last year, the average monthly real wage increased by 1.8% (64,000 won) from the same period of the previous year to 3,549,000 won.

During the same period, the average monthly working hours per worker was 168.6 hours, an increase of 5.8 hours from the previous year. The Ministry of Labor explained, “According to the regulations on public holidays, the number of working days on the monthly calendar increased by one day compared to the previous year.”

Reference-www.labortoday.co.kr

Leave a Comment