
AI-generated summary
Busan's employment rate in May was 58.6%, down 0.4 percentage points (p) compared to the employment rate in the same month last year.
According to the Southeast Regional Data Office's 'Busan City Employment Trends in May 2026' on the 11th, the number of employed people in Busan was 1.699 million, a decrease of 17,000 (-1.0%) compared to the number of employed in May last year.
By gender, men accounted for 65.6%, down 1.1 percentage points compared to May last year, but women rose 0.2 percentage points to 52.1%.
Looking at the number of employed by industry, the mining industry had 243,000 people, a decrease of 11,000 (-4.3%) compared to May last year.
By occupation, the number of managers and experts increased by 16,000 (4.4%) and the number of office workers increased by 11,000 (3.3%), but the number of technicians, machine operators, assemblers, and simple workers decreased by 36,000 (-5.9%), and the number of service and sales workers decreased by 12,000 (-2.7%).
The number of unemployed people decreased by 5,000 (-9.7%) to 45,000.
The unemployment rate was 2.6%, down 0.2 percentage points compared to May last year.
The population aged 15 and older decreased by 9,000 people (-0.3%) to 2,901,000 people.
The economically active population decreased by 22,000 (-1.2%) to 1.744 million, and the economic activity participation rate was 60.1%, down 0.6 percentage points compared to May of last year.

South Korea's consumer prices hit a 30-month high in June due to the Middle East war's impact. The government announced a 392 trillion won investment in the Chungcheong region for AI-led growth, including HBM fabs by Samsung and SK hynix. Meanwhile, Seoul stocks plunged over 2.8% amid a tech sell-off.

한국 가계의 가처분소득 대비 부채 비율이 하락세를 보이고 있지만, OECD 주요국 중에서는 여전히 상위권을 차지하는 것으로 나타났다. 전문가들은 소득 증가율 둔화와 부채 증가율 상승 추세를 볼 때 본격적인 부채 축소 국면에 진입했다고 보기 어렵다고 지적했다.

BOK vows to tame inflation, KOSPI hits new high on chip rally, President Lee attends G7 to discuss economic imbalances, 18-month prison term sought for Seoul Mayor Oh, and PPP to file petitions over local election ballot shortages.

한국 정부는 최근 경제동향 평가에서 중동 전쟁 불확실성에도 불구하고 수출 호조와 소비 개선으로 경제 회복 흐름이 이어지고 있다고 진단했다. 그러나 물가 상승과 고용 둔화로 인한 민생 부담 우려를 경고했다.

In May, Gwangju's employment rate rose 0.4%P to 61.7%, while Jeonnam's fell 0.2%P to 66.5%. Gwangju saw a decrease in manufacturing and retail jobs, while Jeonnam experienced a decline in retail and agriculture.

South Korea's employment saw its first year-on-year decrease in 17 months in May, with 40,000 fewer jobs. Manufacturing and youth employment were particularly hard hit, despite a semiconductor boom.