More women enter regular job market; self-employed people decline in 2020: BOK data
SEOUL, June 25 (Yonhap) -- South Korea's workforce declined in 2020, with the numbers of income earners and the self-employed on the wane and more women landing more regular jobs, central bank data showed on Tuesday.
As of end-2020, the total number of employed workers came to 24.44 million, down 390,000, or 1.6 percent, from 24.83 million five years earlier, according to the data. The number includes self-employed people and those helping their family members.
The number of employed workers continued to stand at about 18.18 million in 2020, down from 18.27 million in 2015.
But their proportion in the overall workforce increased to 74.4 percent from 73.6 percent over the cited period, while that for self-employed, family-business workers declined to 6.26 million from 6.58 million, accounting for 25.6 percent of the total.
The data showed that the number of male workers came to 14.9 million in 2020, down from 15.14 million at end-2015, accounting for 61 percent of the total workforce, unchanged from five years earlier.
The number of female workers also declined over the cited period from 9.69 million to 9.54 million.
But the number of regular female workers rose sharply to 5.3 million from 4.42 million over the cited period, while that for male workers inched up to 8.93 million from 8.47 million.
Meanwhile, the country's employment inducement coefficient, or job-creation capacity, dropped sharply from 11.7 in 2015 to 9.7 in 2020, meaning for every 1 billion won (US$721,500) generated, only 9.7 jobs were created in 2020.
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