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South Korea remains concerned over a continuous slump in job markets despite signs of improvement in Asia's fourth-largest economy, Finance Minister Yoon Jeung-hyun said on Wednesday.
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AP |
Yoon also said during a scheduled meeting of senior officials from economy-related ministries that the government should continue to place its policy focus on creating jobs.
"Despite the recent economic recovery, we are worried because the employment situation is not improving," Yoon said before the meeting, adding that private sector jobs continued to decrease.
"The global economy is recovering, but it will not grow as strongly as before the crisis. We are concerned that improvement in the employment situation may be slow as employment usually lags economic situations," Yoon said.
The remarks came a week after data showed the country added its most jobs in 10 months last month as companies boosted operations to meet growing demand.
President Lee Myung-bak and other government officials have expressed concerns over the country's job markets, underscoring the government's view that the economy is still too fragile to withstand monetary policy tightening.
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