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Financial News: South Korea Jobless Rate Falls In July

South Korea Jobless Rate Falls In July

08/14/2019 - 02:49:00 (RTTNews)

(RTTNews) - South Korea's unemployment rate decreased marginally in July, figures from Statistics Korea showed on Wednesday.

The jobless rate fell to unadjusted 3.9 percent in July from 4.0 percent in June. In the same period last year, the unemployment rate was 3.7 percent.

The jobless rate, on a seasonally adjusted basis, remained unchanged at 4 percent.

In July, unemployed persons decreased to 1.09 million from 1.13 million in June.

The number of employed persons rose by 299,000 from last year to 27.38 million in July.

Another data from Bank of Korea showed that import prices decreased 1.3 percent from the previous year and rose 0.6 percent on month in July.

At the same time, export prices declined 5.3 percent annually in July and fell by 0.2 percent from a month ago.

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