Foreign
SOUTH Korea’s double-income households fell in 2020 as the COVID-19 pandemic roiled the job market, data from Statistics Korea showed on Tuesday.
The number of dual-income households stood at 5,593,000 as at October 2020, down 69,000 from 2019, according to Statistics Korea.
It was the fastest reduction in three years since 2017 as the pandemic slumped the labour market, especially jobs in the wholesale and retail and the eatery and lodging sectors, where couples tend to work together.
Dual-income households accounted for 45.4 per cent of the total married couple households as of October last year, down 0.6 per cent from a year earlier.
The number of single-member households increased 175,000 to 6,214,000 during the period, taking up 30.4 per cent of the country’s total households.
Out of the combined one-person households, the number of those who had jobs was 3,700,000 as of last October.
It was up 30,000 from a year earlier.
One out of the three single-member employed households earned less than two million won (1,770 U.S. dollars) per month amid the rising number of aged one-person households. (Xinhua/NAN)
– June 22, 2021 @ 13:12 GMT|
Tags: Korea’s double-income households fall over COVID-19
