Korea’s labour market has deteriorated significantly in recent months, and August data due tomorrow are likely to show that conditions remain weak. The government unveiled plans for a sharp rise in spending on job-creation programmes in its budget last month, but with the minimum wage set to rise again next year, higher government spending is unlikely to do much more than cushion the downturn in the jobs market.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services