Stock Groups

S.Korea April unemployment rate stays at historical low for 3rd month -Breaking

[ad_1]

© Reuters. FILE PHOTO – People cross a zebra crossing at central Seoul in South Korea on June 15, 2016. REUTERS/Kim Hong-Ji

SEOUL (Reuters – South Korea’s unemployment rate remained historically low in April for the third time, but the employment level increased for the 14th consecutive month, government data revealed on Wednesday.

Seasonally adjusted unemployment rates for April were 2.7%. This was unchanged from the previous two-months and is the lowest level since 1999, when data releases began.

Following the addition of 831,000 jobs to March in March, which was an increase of 14 months, the country has added 865,000 new jobs.

[ad_2]