South Korea Jobless Rate Edges Down To 3.6% In November


South Korea's seasonally adjusted unemployment rate decreased to 3.6 percent in November 2016 from 3.7 percent in the previous month. It was the lowest reading since July.

The number of unemployed persons decreased by 47 thousand from the previous month to 974 thousand while employment rose by 83 thousand to 26,399 thousand people. Meantime, labour force participation rate went up to 62.9 percent from 62.8 in October.

A year earlier, the jobless rate was recorded at 3.4 percent.

On an unadjusted basis, the unemployment rate dropped to 3.1 percent unchanged from the same month of the previous year, as the number of unemployed persons increased by 25 thousand to 854 thousand. Employment also rose by 339 thousand to 26,592 thousand, pushing up the employment rate to 61.1 percent from 60.8 percent in November 2015.

South Korea Jobless Rate Edges Down To 3.6% In November


Statistics Korea l Joana Ferreira | joana.ferreira@tradingeconomics.com
12/13/2016 11:33:56 PM