South Korea Jobless Rate Falls To 3.4%
South Korea's seasonally adjusted unemployment rate decreased to 3.4 percent in December 2016 from 3.6 percent in the previous month. It was the lowest reading since November of 2015.
The number of unemployed persons decreased by 32 thousand from the previous month to 942 thousand while employment rose by 211 thousand to 26,550 thousand people.
1/10/2017 11:15:40 PM
A year earlier, the jobless rate was higher at 3.5 percent.
On an unadjusted basis, the unemployment rate was 3.2 percent. For 2016 as a whole, the jobless rate edged up to 3.7 percent from 3.6 percent in 2015.