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S. Korea's jobless rate falls to 3.7 pct in June

All News 08:00 July 11, 2018

SEJONG, July 11 (Yonhap) -- South Korea's jobless rate fell slightly in June due to a rise in employment in the health care, public service and financial sectors, government data showed Wednesday.

The unemployment rate stood at 3.7 percent last month, down 0.1 percentage point from a year earlier, according to the report compiled by Statistics Korea.

The number of employed people reached 27.12 million in June, up 106,000 from the same one-month period in 2017, according to the data.

The unemployment rate for young adults -- those aged between 15 and 29 -- was 9 percent, down 1.4 percentage points from the previous year.

The employment rate stood at 67 percent in June, unchanged from a year earlier, with the corresponding figure for young people at 42.9 percent, up 0.2 percentage point over the cited period.


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