I saw this insightful chart this morning on The Economist's website:
Unemployment during the downturn: Underworked | The Economist
According to national reports in each country, the U.S. has a 9.4% unemployment rate today, while South Korea has 3.9% unemployment. The U.S. unemployment rate has gained nearly 4 percentage points in the last year, while Korea has gained less than 1 point.
Having lived here nearly 3 weeks now, we have seen evidence of this difference everywhere. There is a gluttony of English-teaching jobs for those who want them. And -- imagine this -- media outlets are actually hiring positions here, instead of cutting!
Who'd have thought our youthful adventure makes so much economic sense!
Addendum: More good news: The World Bank says that South Korea will make the quickest recovery among major economies.
good job, nissa. glad to hear that korea's doing well on that front. although i do hear that the exchange rate isn't good these days. the experience you gain there will be amazing though, and makes career sense.
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