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2021 H1 Labor Market Review and H2 Outlook
한국노동연구원이 『2021 H1 Labor Market Review and H2 Outlook』을 발표하였다.
Employment began to gradually recover from the shock of the COVID-19 pandemic in the first half of 2021 (H1 2021). The total number of employed workers began an upward trend in February, bouncing back on rebounding exports, recovery in the construction sector, and improv-ing overall business conditions in the traditional face-to-face service sectors. According to survey data from the June 2021 Econom-ically Active Population Survey, employment levels are at 99.4% of February 2020 (pre-crisis) levels, adjusted for seasonal employment. Total employment of those 15 and older is at 98.5% of pre-crisis levels. Assuming widespread public inoculation against the COVID-19 proceeds as planned and stems the tide of in-fections, and barring any extraordinary global or domestic circumstances negatively affecting the labor market, the total number of employed should increase by 444,000 in the second half of 2021 (H2 2021), an increase of 281,000 year over year (YoY). However, we must closely monitor the employment situation, and specifically how the ongo-ing fourth wave of COVID-19 infections impacts employ-ment.
Employment began to gradually recover from the shock of the COVID-19 pandemic in the first half of 2021 (H1 2021). The total number of employed workers began an upward trend in February, bouncing back on rebounding exports, recovery in the construction sector, and improv-ing overall business conditions in the traditional face-to-face service sectors. According to survey data from the June 2021 Econom-ically Active Population Survey, employment levels are at 99.4% of February 2020 (pre-crisis) levels, adjusted for seasonal employment. Total employment of those 15 and older is at 98.5% of pre-crisis levels. Assuming widespread public inoculation against the COVID-19 proceeds as planned and stems the tide of in-fections, and barring any extraordinary global or domestic circumstances negatively affecting the labor market, the total number of employed should increase by 444,000 in the second half of 2021 (H2 2021), an increase of 281,000 year over year (YoY). However, we must closely monitor the employment situation, and specifically how the ongo-ing fourth wave of COVID-19 infections impacts employ-ment.
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