advance into an era of reconciliation and prosperity through the end-of-war declaration" and "the end-of-war declaration will open the door to complete demilitarization and permanent peace regime on the Korean Peninsula." Unemployment In January 2019, South Korea's unemployment rate hit 4.5%, the highest number observed for the month of January since 2010, while the youth unemployment rate, which tracks Koreans aged 25–34 who have not secured jobs, reached its highest in South Korea in 19 years. According to Statistics Korea, 338,000 young Koreans were unemployed in July 2018. The number is the highest since youth unemployment marked 434,000 in 1999, as the nation was still recovering from the 1997 Asian Financial Crisis. Some experts said the current Moon Jae-in government's purportedly pro-labor policies, including the raise in minimum wage, which led The Wall Street Journal to call President Moon Jae-In's economic program "Asia’s most radical left-wing", and reduction of maximum weekly work hours from 68 to 52, may be contributors to the increasing number of Koreans unable to find jobs. In November 2018, the Financial Times reported that President Moon Jae-In replaced Kim Dong-yeon, finance minister, by Hong Nam-ki, an economic policy official currently serving in the prime minister's office, and Jang Ha-sung, presidential chief of staff for policy. The reshuffle sets the stage for new economic ideas "in a nation that is struggling to transition away from its once-successful manufacturing model". As of December 2021, the unemployment rate was down to 3.7%, the lowest since 2017 and in line with the unemployment rate of the previous two decades. Post-presidency (2022-present) Moon left office on 9 May 2022 and was succeeded the next day by Yoon Suk-yeol, who previously was appointed by Moon to be Prosecutor General of South Korea. Moon also was the final president to occupy the Blue House as the official presidential office and residence after 74 years, as Yoon moved the presidential office to the former Ministry of Defence building at Yongsan District, Seoul upon taking office. Moon now resides at Pyeongsan Village, at Yangsan, South Gyeongsang Province. Legacy Moon left office as the most popular president in the history of the 6th Republic since free and fair elections resumed in 1987. However, critics claimed that these ratings were due to a massive PR campaign aimed at creating and maintaining a good public image, as well as a failure to tackle controversial issues during his presidency.