The October non-farm payrolls report showed that the number of new jobs was only 12,000, a new low since 2020, far below market expectations of 106,000.

South Korea relies on foreign labor to fuel economic growth, and as the birth rate falls, the state expands the range of jobs held by foreign workers。

In the first half of 2023, the U.S. technology industry announced more than 140,000 job cuts, an increase of 2,353% over the same period last year.。But so far this year, on a month-on-month basis, layoffs have slowed by nearly 80 percent, with an overall downward trend.