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Financial News: South Korea Jobless Rate Rises In June

South Korea Jobless Rate Rises In June

07/13/2022 - 05:43:00 (RTTNews)

(RTTNews) - South Korea's unemployment rate rose marginally in June, data from Statistics Korea showed on Wednesday.

The jobless rate increased a seasonally adjusted 2.9 percent in June from 2.8 percent in May.

In June last year, the unemployment rate was 3.6 percent.

On an unadjusted basis, the unemployment rate remained unchanged at 3.0 percent in June. In the same month last year, the unemployment rate was 3.8 percent.

The number of unemployed decreased to 888,000 in June from 889,000 in the preceding month. Compared to a year ago, the figure decreased by 205,000 persons.

The number of employed persons increased by 841,000 year-on-year to 28.478 million in June.

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