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S. Korea's jobless rate drops to 3.6 pct in May

All News 08:00 June 14, 2017

SEJONG, June 14 (Yonhap) -- South Korea's jobless rate dropped slightly in May as Asia's fourth-largest economy shows some signs of recovery, government data showed Wednesday.

The unemployment rate stood at 3.6 percent last month, down 0.1 percentage point from the same month last year, according to the report compiled by Statistics Korea. From a month earlier, it lost 0.6 percentage point.

The number of employed people reached 26.82 million in May, up 375,000 from a year earlier.

The unemployment rate for young people, aged between 15 and 29, was 9.3 percent, down from 9.7 percent tallied a year earlier and from April's 11.2 percent.


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