South Korea Jobless Rate Steady At 2.9%

South Korea's unemployment rate remained unchanged in July, data from Statistics Korea showed on Wednesday.

The jobless rate was a seasonally adjusted 2.9 percent in July, same as seen in June.

In July last year, the unemployment rate was 3.3 percent.

On an unadjusted basis, the unemployment rate declined to 2.9 percent in July from 3.0 percent in the previous month. In the same month last year, the unemployment rate was 3.2 percent.

The number of unemployed decreased to 836,000 in July from 888,000 in the preceding month. Compared to a year ago, the figure decreased by 84,000 persons.

The number of employed persons increased by 826,000 year-on-year to 28.475 million in July.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Retailers Dollar General Corp. (DG) and Big Lots, Inc. (BIG) reported Thursday results for the third quarter, with profit at Dollar General increasing from last year, while Big Lots reported a sharply wider loss than last year. The bottom line at both the retailers missed analysts' estimates. The U.S. Food and Drug Administration said it has granted approval for Ferring Pharmaceuticals Inc.'s fecal microbiota product Rebyota. The approval is for the prevention of recurrence of Clostridioides difficile infection or CDI in individuals 18 years of age and older. Rebyota will be used after an individual has completed antibiotic treatment for recurrent CDI. Salt Lake City, Utah-based Rocky Mountain Pies, LLC is recalling Red Button Vintage Creamery French Silk Pie citing possible presence of undeclared almonds, a known allergen, the U.S. Food and Drug Administration said. The recall involves 31.88 oz French Silk Pie with the lot code beginning with 2 266. Only UPC code 0 41172 81290 9 is involved in the recall.
Follow RTT