South Korea's unemployment rate decreases to 3.1% in June

By bne IntelliNews July 11, 2013

South Korea's unemployment rate decreased 0.1% to 3.1% in June this year. According to Statistics Korea, the country’s job growth reached the highest in eight months during the period, due to brisk job creation in the service industry, balancing eased job creation among manufacturers.

The total number of people employed grew 360,000 y/y to 25,478,000 during the period, which was the highest gain in eight months. The service sector created 263,000 jobs during the period, after adding 189,000 workers in May.

Related Articles

Rosneft-led acquisition of India's Essar completed, says CEO Sechin

The acquisition of India's Essar Oil led by Russian oil major Rosneft can be “considered done”, the state-controlled company’s CEO Igor Sechin said at the annual shareholder meeting on June 22, ... more

Vietnam’s textile and garment exports to South Korea records USD 1.64bn in 2013

Vietnam’s textile and garment exports to South Korea expanded 53.5% y/y recording USD 1.64bn last year, while the nation overall exports to South Korea accelerated 18.9% y/y posting USD 6.6bn. The ... more

Vietnam, Kazakhstan to boost investment cooperation

Vietnam’s trade with Kazakhstan expanded USD 221.8mn during first eleven months last year. According to Erbolat Dossaev, Kazakh Minister of Economy and Budget Planning, Vietnam’s exports to ... more