South Korea Jobless Rate Rises to 7-Month High
South Korea seasonally adjusted unemployment rate increased to 4 percent in September of 2016 from 3.8 percent in August and worse than consensus of 3.8 percent. It was the highest reading since February.
10/12/2016 11:35:34 AM
The number of unemployed persons rose by 44 thousand to 1094 thousand people, while there were 26293 thousand people employed, 67 thousand less than in the previous month. Meanwhile, labour force participation rate was steady at 63.3 percent.
In September of 2015, the jobless rate was recorded at 3.5 percent.