South Korea unemployment rate falls slightly with 0.1 to 3.6 percent in June
July 17, 2014, 12:01 am TWN
SEOUL--South Korea's unemployment rate inched down in June from a month earlier, although young people faced an increasingly tough job market, government statistics showed Wednesday.
The seasonally adjusted jobless rate fell to 3.6 percent from the previous month's 3.7 percent, Statistics Korea said.
The number of newly created jobs stood at 398,000 from a year ago, compared to an on-year rise of 413,000 in May and a peak of 835,000 in February.
But senior Statistics Korea official Kong Mi-Suk said the job creation level in June was still encouraging, noting that the monthly average of newly created jobs last year was 386,000.