April 20, 2024
Economy
Jobless rate increases in June
[THE INVESTOR] Korea’s jobless rate gained ground slightly in June as the number of newly employed people recorded a five-month low, government data showed on July 12.
The unemployment rate stood at 3.6 percent last month, up 0.2 percentage point from the same month last year, according to the report compiled by Statistics Korea. From a month earlier, it also rose 0.2 percentage point.
The number of employed people reached 26.86 million in June, up 301,000 from a year earlier, marking the lowest monthly gain since January 2017, when it was 243,000.
The unemployment rate for young people, aged between 15 and 29, was 10.1 percent, up from 9.4 percent tallied a year earlier and from May‘s 8.6 percent.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The unemployment rate stood at 3.6 percent last month, up 0.2 percentage point from the same month last year, according to the report compiled by Statistics Korea. From a month earlier, it also rose 0.2 percentage point.
The number of employed people reached 26.86 million in June, up 301,000 from a year earlier, marking the lowest monthly gain since January 2017, when it was 243,000.
The unemployment rate for young people, aged between 15 and 29, was 10.1 percent, up from 9.4 percent tallied a year earlier and from May‘s 8.6 percent.
By Alex Lee and newswires (alexlee@heraldcorp.com)
