Gov't Vows All-Out Response to Maintain Job Growth Momentum in July

The government plans to take an all-out response to maintain the upward trend in the number of employed persons in July.

First Vice Minister of Economy and Finance Lee Hyung-il presided over a joint task force meeting on employment involving related ministries at the Government Complex Seoul today (the 12th) to review last month's employment trends and discuss measures to recover youth employment.

According to employment trends for July released by the Korea National Statistical Office, the number of employed people last month increased by 108,000 from a year earlier, expanding the growth margin for the second consecutive month.

While the number of employed people saw a double-digit increase in four months, the government expressed concern that downward factors could act as downward risks, including continued declines in youth employment and employment in the manufacturing and construction sectors, uncertainties such as tensions in the Middle East, and worsening weather conditions like heatwaves.

To improve employment conditions and stably maintain the recent upward trend in the number of employed people, the government plans to closely analyze employment trends by industry and demographic group, pooling cross-ministerial policy capabilities for an all-out response.

The "Youth Employment Recovery Measures," scheduled to be announced in the third quarter, will be released at the earliest possible date through consultations with related ministries, it said.

It also plans to focus heavily on prior preparations for execution, as well as providing detailed information and public relations targeting youth.

To address sluggish industries such as manufacturing, construction, and agriculture and forestry, the government plans to discover multifaceted tasks, including boosting industrial vitality, nurturing human resources, expanding jobs and startups, and improving working conditions and expanding the employment infrastructure.

These will be discussed through the employment task force and announced via economic ministers' meetings.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.