HR & EDUCATION | Staff Reporter, Korea

South Korea's unemployment rate to inch down 3.6% in January

Government efforts are likely to take effect.

South Korea’s unemployment rate are likely to inch down to 3.6% in January, Moody’s Analytics reported.

For the full year 2017, the country’s unemployment rate eased to 3.7% from 4% in the earlier months.

Meanwhile, youth employment reached a five-month high after mostly declining during the year, which rose to 9.5% in December.

“We expect the labour market to improve modestly in 2018 as government efforts to boost the labour market gain traction. Youth unemployment, in particular, should start to ease, at least a little as targeted government measures begin to take effect,” Moody’s said.

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