South Korea Jobless Rate Rises to 3.8% in August


South Korea’s seasonally adjusted unemployment rate increased to 3.8 percent in August of 2017 from 3.6 percent in the previous month, outpacing consensus expectations of 3.7 percent.

The number of unemployed persons increased by 65 thousand from the previous month to 1,043 thousand while the number of employed rose by 42 thousand to 26.55 million people.

The participation rate rose to 63 percent from 62.8 percent in July.

A year ago, the jobless rate also came in at 3.8 percent.


South Korea Jobless Rate Rises to 3.8% in August


Statistics Korea l Rida Husna | rida@tradingeconomics.com
9/13/2017 9:36:31 AM