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<Econ> S Korea May Unemployment Rate 2.9%, Employment Down 40K YoY
According to data released by Statistics Korea, the number of employed persons in May stood at 29.12 million, down 40,000 people or 0.1% YoY, marking the first decline since Decemb...
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<Econ> S Korea May Unemployment Rate 2.9%, Employment Down 40K YoY
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According to data released by Statistics Korea, the number of employed persons in May stood at 29.12 million, down 40,000 people or 0.1% YoY, marking the first decline since December 2024. The employment rate for those aged 15 and above was 63.3%, down 0.5 ppts YoY, falling for the second consecutive month after a decline of 0.2 ppts in April.

On a non-seasonally adjusted basis, the number of unemployed persons in S Korea in May was 878,000, with an unemployment rate of 2.9%, flat MoM and up 0.1 ppts YoY. On a seasonally adjusted basis, the May unemployment rate was 2.8%, flat MoM and up 0.1 ppts YoY. (su/da)

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