More women, old people to join labor force by 2023
Dec 2, 2014
More women and people aged 55 or more will likely be economically active in 2023 due to the country's low birth rate, the labor ministry said Tuesday.The Ministry of Employment and Labor said that the country's economically active population and the number of people aged 15 or more will increase by 3.58 million and 2.04 million, respectively, between 2013 and 2023. The number of employed will rise by 3.22 million while the employment rate of people aged 16-64 will jump to 71.8 percent in 2023,