South Korea Unemployment Rate Stable at 2.8 Percent in November


The number of unemployed persons totaled 710 thousand people in November, which decreased 19 thousand persons or 2.6 percent year-on-year. The unemployment rate marked 2.8 percent in November, down 0.1 percent year-on-year.

The economically active population marked 25,652 thousand in November, which grew 334 thousand persons or 1.3 percent year-on-year. The labor force participation rate stood at 61.4 percent in November, remaining the same year-on-year.

The number of employed persons totaled 24,941 thousand persons in November, which went up 353 thousand persons or 1.4 percent year-on-year. The employment-population ratio recorded 59.7 percent in November, remaining the same year-on-year.
 
The economically inactive population totaled 16,123 thousand people in November, increasing 234 thousand persons or 1.5 percent year-on-year.

KOSTAT | Andre Crujo | andre@tradingeconomics.com
12/12/2012 10:12:42 AM