08 Sep South Korea August jobless rate logs fastest monthly drop since 1999
Economic IndicatorsSep 08, 2020 07:20PM ET
(C) Reuters. Men look at recruiting information during a job fair in Seoul
SEOUL (Reuters) – South Korea’s unemployment rate dropped in August by the sharpest monthly decline since 1999 as more people stopped looking for work amid the coronavirus pandemic and floods.
The seasonally adjusted unemployment rate declined to 3.2% in August, down one full percentage point from 4.2% in July, data from Statistics Korea showed on Wednesday.
South Korea August jobless rate logs fastest monthly drop since 1999
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