South Korea Unemployment Rate Rises To 4% In February
South Korea's seasonally adjusted unemployment rate increased to 4 percent in February of 2017 from 3.6 percent in January. The figure came above market expectations of 3.7 percent. Yet, the jobless rate usually increases in February and March when students join the labour force and start looking for a job.
The number of unemployed persons rose by 126 thousand to 1,108 thousand and employment went up by 139 thousand to 26,541 thousand people.
3/14/2017 11:15:13 PM
A year earlier, the jobless rate was also at 4 percent.
On an unadjusted basis, the unemployment rate increased to 4 percent, the highest since January of 2000. The labour force went up by 404 thousand.