Economic Buzz: South Koreas Unemployment Rate Rises To 2.9%

14 Jul 2022 , 01:07 PM

South Koreas unemployment rate rose marginally in June, data from Statistics Korea revealed. The jobless rate increased a seasonally adjusted 2.9 percent in June from 2.8 percent in May. In June last year, the unemployment rate was 3.6 percent. On an unadjusted basis, the unemployment rate remained unchanged at 3.0 percent in June. In the same month last year, the unemployment rate was 3.8 percent. The number of unemployed decreased to 888,000 in June from 889,000 in the preceding month. Compared to a year ago, the figure decreased by 205,000 persons. The number of employed persons increased by 841,000 year-on-year to 28.478 million in June.Powered by Commodity Insights