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South Korea's unemployment tops 1 million in January

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Staff Writer | February 14, 2018
Unemployment in South Korea topped 1 million in the first month of this year, with the jobless rate standing at 3.7 percent, a government report showed.
South Korea unemployment
South Korea   Jobless rate at 3.7 percent
The number of those unemployed was 1.02 million in January, up 12,000 from the same month of last year, according to Statistics Korea. It surpassed 1 million in seven months, indicating the still lackluster labor market conditions.

The unemployment rate was unchanged at 3.7 percent in January from a year earlier, but the rate for youths aged 15-29 rose 0.1 percentage point to 8.7 percent in the month.


 

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