Unemployment rate in South Korea remained unchanged at 3 percent on a seasonally adjusted basis in November, a report from Statistics Korea showed Wednesday.
The unadjusted rate was also steady at 2.8 percent compared to the previous month. The number of unemployed fell 2.6 percent year-on-year to 710,000. In October, there were 718,000 unemployed in the country.
Meanwhile, employment rose 1.4 percent annually to 24.9 million in November. The rate of increase, however, was slower than 1.6 percent gain reported in October.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.