South Korea Unemployment Rate Slightly Increases to 3.2% in May


In South Korea, seasonally adjusted unemployment rate inched up marginally to 3.2 percent in May, as job gains in the manufacturing industry slowed down. This compares with a jobless rate of 3.1 percent in the previous month and 3.3 percent a year earlier.

The economically active population marked 26 195 thousand in May, up 1.0 percent year-on-year and the number of employed persons totaled 25 398 thousand persons in May, up 1.1 percent over a year earlier.

The labor force participation rate stood at 62.3 percent in May, down 0.2%p year-on-year.

The number of unemployed persons totaled 797 thousand people in May, down 1.2 percent year-on-year.

The non-seasonally adjusted unemployment rate marked 3.0 percent in May, down 0.1%p year-on-year.

The economically inactive population totaled 15 853 thousand people in May, increasing 1.8 percent over a year earlier.

South Korea Unemployment Rate Slightly Increases to 3.2% in May


Statistics Korea | Joana Taborda | joana.taborda@tradingeconomics.com
6/12/2013 9:14:33 AM