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.

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