Number of Regular Employees Sees First Decline Since 1999, Down 7,000 Year-on-Year

[Economy 365]

The number of regular employees, which offers high job stability, has declined for the first time since December 1999.

Last month, the number of regular employees fell by 7,000 compared to a year ago, ending a 316-month streak of growth that had continued since January 2000.

However, the proportion of regular employees among the total employed population reached a record high of 57.5%.

In particular, the number of regular employees in their 20s and 30s decreased by 197,000, marking the largest drop since December 2020.

The decline was particularly notable in the manufacturing sector.

The number of regular employees in their 20s and 30s in manufacturing fell by 92,000. By sector, regular employees in their 20s decreased by 57,000 in the information and communications industry, while those in their 30s fell by 76,000 in the professional, scientific, and technical services sector.

The government stated that it is difficult to predict the timing and pace of an employment recovery due to variables such as the war in the Middle East.

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