WEB DESK
AIR PicsSouth Korea’s unemployment rate rose to an 11-month high in December 2022, while the annual increase in employed people marked the smallest in 21 months. According to official data shown today, the country’s seasonally-adjusted unemployment rate for December stood at 3.3 per cent. It is higher than 2.9 per cent in November and the highest since January.
According to Statistics Korea, in the 12 months through December, the number of employed people increased, extending a run of year-on-year gains to a 22nd straight month, however, marking the smallest annual increase since March 2021.
For the year 2022, South Korea’s annual unemployment rate stood at 2.9 per cent, falling from 3.7 per cent in 2021 and the lowest level since the data release started in 2000.