South Korea Jobless Rate Falls to 3-Month Low of 3.6%


South Korea’s seasonally adjusted unemployment rate fell slightly to 3.6 percent in October of 2017 from 3.7 percent in the previous month and in line with market expectations. It was the lowest jobless rate since July.

Compared to the preceding month, the number of unemployed persons declined by 25 thousand to 997 thousand while the number of employed dropped marginally by 6 thousand to 26.59 million.

The participation rate edged down to 63.0 percent from 63.1 percent in September.

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

South Korea Jobless Rate Falls to 3-Month Low of 3.6%


Statistics Korea l Rida Husna | rida@tradingeconomics.com
11/15/2017 12:56:47 AM