The global economy is facing several uncertainties, from changing in-demand skills to tariffs, and one country in particular is trying to balance a poor job market with a talent shortage for jobs in manual labor. Where in the world? South Korea is looking at its worst job market in over a decade, disproportionately impacting younger (ages 15 to 29) workers, the Korea Herald reported. Young job seekers have also been on the hunt for a job longer than in previous years with many workers under 40 needing at least four months to find a job, Korea JoongAng Daily reported. Many young South Koreans have limited job experience, which further limits their job prospects, and economists say that could stunt the country’s economic growth. Most (75%) unemployed workers said there are not enough “quality” job opportunities in South Korea, and 32% said that the jobs available don’t pay enough, according to the Korea Herald. For more on the cooling job market abroad, keep reading here.—KP |