Job seekers pack the 2026 Suwon Job Fair at Suwon Convention Center in Yeongtong-gu, Suwon, Gyeonggi Province. /Courtesy of Yonhap News

The number of workers who newly found jobs or moved to different jobs in 2024 fell across the board. The number of new entrants who obtained jobs was 3,482,000, the lowest since statistics began in 2017. Among movers, those who increased their wages decreased, while those who lowered them increased.

According to the "2024 job mobility statistics results" that the Ministry of Data and Statistics (MODS) released on the 4th, the total number of registered employed persons, including wage and non-wage workers, was 2,625,000 in 2024, up 105,000 (0.4%) from the previous year.

Of these, entrants who were unregistered in 2023 and registered in 2024 numbered 3,482,000, down 164,000 (4.5%). This is the lowest figure since related statistics began in 2017. The entry rate was 13.3%, down 0.7 percentage points.

Movers between business establishments totaled 3,848,000, down 103,000 (2.6%). The mobility rate recorded 14.7%, down 0.5 percentage points. In contrast, those who stayed with the same business establishment totaled 18,920,000, up 373,000 (2.0%). The retention rate was 72.1%, up 1.1 percentage points.

The job mobility rate was highest among those 29 and under (21.4%), followed by those in their 30s (15.7%) and those 60 and older (13.5%), while the retention rate was highest among those in their 40s (78.9%), 50s (78.4%), and 30s (73.4%). The retention rate rose across all age groups from a year earlier, while the entry rate fell across all age groups.

Moves to jobs with higher pay also declined. Among wage workers who changed jobs (2,145,000), 57.8% moved to places that pay more. This was down 2.9 percentage points from the previous year. The share of those who moved to jobs with lower pay was 41.3%, up 2.9 percentage points.

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