South Korea Jobless Rate Lower than Expected
South Korea seasonally adjusted unemployment rate decreased to 3.4 percent in October of 2015 from 3.5 percent in September, beating market expectations of 3.6 percent. The unemployment fell for the fouth straight month, remaining at its lowest since January.
11/10/2015 11:36:42 PM
The number of employed persons fell by 18 thousand to 26.018 million while unemployment decreased by 33 thousand to 913 thousand. The labour force participation rate was steady at 62.9 percent. A year earlier, the unemployment was 3.5 percent.
On an unadjusted basis, the unemployment fell to 3.1 percent in October from 3.2 percent in September. Employment rose by 348 thousand while the number of unemployed went down by 19 thousand. The labour force increased by 328 thousand.