South Korea's unemployment rate remained stable at a low level in May, reflecting strong labor market conditions, data from Statistics Korea revealed on Wednesday. The unemployment rate held steady at seasonally adjusted 2.7 percent in May.
On an unadjusted basis, the jobless rate fell slightly to 2.8 percent from 2.9 percent in the previous month.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.