Reported 7 months ago
South Korea's labor market experienced a slowdown in May with employment growth reaching its slowest pace in over three years, with only 80,000 new jobs added compared to 261,000 in the previous month. Despite a faster economic growth due to strong exports, particularly in technology, the job creation in sectors like semiconductors is relatively low. The unemployment rate remained steady at 2.8%, prompting the government and central bank to closely monitor the situation as they consider policy adjustments in light of this weak job market data.
Source: YAHOO