Tuesday, January 26, 2010

Jobs, Jobs, Jobs

According to a survey held nationwide by the Seoul headquarters of the civic group Citizen Manifesto, the majority among 20 thousand respondents chose “boosting the economy by creating jobs” as the top priority for the June provincial elections.

In the meantime, at the government’s weekly emergency economic meeting last Thursday the Korean president said job creation will be his administration’s top priority this year. He added that while his administration and the National Assembly will do their part to help create jobs, it shouldn’t be the government that provides the bulk of the jobs that Korea needs.

Of course, the devil lies in the details.

According to government statistics, the unemployment in Korea was 3.6 percent last year. However, many point out there are many more job seekers out there who haven’t been able to find jobs although they are not technically categorized as unemployed.

Many countries around the globe including the U.S. are facing high structural employment and some are experiencing jobless recovery.

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