South Korea Jobless Rate Falls To 4-Month Low Of 3.6% In May


South Korea’s seasonally adjusted unemployment rate declined to 3.6 percent in May of 2017 from 4.0 percent in April and reaching the lowest figure since January.

Compared to the prior month, the number of unemployed persons went down by 99 thousand to 999 thousand and employment  fell by 47 thousand to 26,464 thousand people.

The participation rate was 63.6 percent, up slightly from 63.5 in April.

A year ago, the jobless rate was 3.7 percent.

On an unadjusted basis, the unemployment rate also fell to 3.6 percent from 4.2 percent in a month earlier. 

Statistics Korea l Rida Husna | rida@tradingeconomics.com
6/14/2017 1:15:39 AM