Unemployment rate in South Korea declined in April, the latest figures from Statistics Korea showed Wednesday.
The seasonally adjusted jobless rate fell to 3.1 percent in April from 3.2 percent in March. Economists expected the rate to remain at March's level.
The unadjusted rate was at 3.2 percent, down from 3.5 percent in March. The number of unemployed persons declined to 825,000 from 883,000 in March. Unemployment decreased 7.8 percent year-on-year.
Meanwhile, employment rose to 25.1 million from 24.5 million in the previous month. This was 1.4 percent higher than last year.
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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.