Policy Issue

Measures to Increase Young Adult Jobs

It is time to employ temporary stimulus to respond to changes in demographics and at the same time to pursue restructuring across industries, education and job markets to achieve sustainability.BackgroundYoung adult unemployment has been on the rise since 1990’s, increasing faster compared with total unemployment, and young adult real unemployment has stayed over 20 percent since records began in 2015. Reasons behind this trend are structural as demand continues to decline and mismatches between job openings and job seekers grow.- Jobs young adults look for have been decreasing as technolo...

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May 2018

About EB

The Economic Bulletin is a monthly English publication that covers the current status and future outlook of the Korean economy, as well as key economic policies and indicators. By sharing such information with foreign residents in Korea and international opinion leaders, the Economic Bulletin aims to generate a greater international level of understanding on the Korean economy.