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S Korea's youth employment hit 19-year low in August
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18:14, September 21, 2009

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South Korea's youth employment hit a 19-year low in August due to its prolonged economic downturn, local media reported on Monday.

According to a report made by the Ministry of Strategy and Finance and the National Statistical Office, the number of employed persons in their 20s and 30s totaled 9.52 million in August, down 2.8 percent from 9.80 million in the same month of last year.

It was the lowest figure since April 1990. Especially among people in their 30s, job-holders stood at 5.77 million, the lowest since February 1993.

Local experts said the number of youth employment may continue to decline to 9.2 million by the end of this year as the country's labor market remains weak.

In an attempt to create more job opportunities, the government decided to extend a state-supported internship program especial for the youth until the end of 2010, and put more vocational training programs in place to help youth find new jobs quickly.

Source: Xinhua

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