[THE INVESTOR] Korea’s jobless rate moved up slightly in March due to a rise in unemployment in the retail and educational service sectors, government data showed on April 11.
The unemployment rate stood at 4.5 percent last month, up 0.4 percentage point from a year earlier, according to the report compiled by Statistics Korea.
The seasonally adjusted jobless rate also rose to 4 percent in March, from 3.6 percent a year earlier, the data showed.
The number of employed people reached 26.55 million in March, up 112,000 from a year earlier, slightly rising from the previous month‘s jump of 104,000, according to the report compiled by Statistics Korea.
The unemployment rate for young adults -- those aged between 15 and 29 -- was 11.6 percent, compared with 11.3 percent a year earlier.
The employment rate remained unchanged at 66.1 percent from a year earlier, with the corresponding figure for young people at 42 percent, up 0.6 percentage point over the cited period.
By Song Seung-hyun and newswires (
ssh@heraldcorp.com)