South Korea Jobless Rate Falls To 3.6% in July


South Korea’s seasonally adjusted unemployment rate declined to 3.6 percent in July of 2017 from 3.8 percent in the preceding month.

Compared to the prior month, the number of unemployed persons went down by 76 thousand to 978 thousand and employment increased by 33 thousand to 26.51 million people.

The participation rate edged down to 62.8 percent from 62.9 percent in June.

A year ago, the jobless rate was 3.6 percent.

On an unadjusted basis, the unemployment rate also fell to 3.5 percent from 3.8 percent in June.

Statistics Korea l Rida Husna | rida@tradingeconomics.com
8/9/2017 4:07:13 PM