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S. Korea's jobless rate rises to 4 pct in May

2018/06/15 08:00

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SEJONG, June 15 (Yonhap) -- South Korea's jobless rate rose slightly in May due to a fall in employment in the retail, manufacturing and educational service sectors, government data showed Friday.

The unemployment rate stood at 4 percent last month, up 0.4 percentage point from a year earlier, according to the report compiled by Statistics Korea.

The number of employed people reached 27.06 million in May, up 72,000 from a year earlier, according to the data.

The unemployment rate for young adults -- those aged between 15 and 29 -- was 10.5 percent, up 1.2 percentage points from a year earlier.

The employment rate stood at 67 percent in May, unchanged from a year earlier, with the corresponding figure for young people at 42.7 percent, down 0.3 percentage point over the cited period.

Jobseekers wait in line at a job fair organized by a district office in Seoul on March 29, 2018. (Yonhap) Jobseekers wait in line at a job fair organized by a district office in Seoul on March 29, 2018. (Yonhap)

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