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South Korea Unemployment Rate Rises Marginally

Unemployment rate in South Korea edged up to 3.2 percent on a seasonally adjusted basis in May, according to a report published by Statistics Korea on Wednesday.

This compares with a jobless rate of 3.1 percent in April 2013 and 3.3 percent in May 2012. Economists expected the rate to remain at the April level.

The unadjusted unemployment rate was 3 percent, lower than 3.2 percent in April 2013 and 3.1 percent in May 2012.

The number of unemployed persons in the country fell to 797,000 in May on an unadjusted basis from 825,000 in the preceding month.

The number of employed persons totaled 25.4 million, slightly higher than 25.1 million in April.

by RTTNews Staff Writer

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