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S. Korea‘s jobless rate falls to 3.6% in June

[THE INVESTOR] South Korea’s jobless rate fell slightly in June from a year earlier while the unemployment rate for young adults stayed high amid the sluggish economy, a government report showed July 13.

The unemployment rate in Asia’s fourth-largest economy stood at 3.6 percent last month, compared with 3.7 percent in May, according to Statistics Korea.

Job creation started to pick up from the previous month. The number of employed people stood at 26.55 million in June, up 354,000 from a year earlier. It is much higher than the 261,000 gain in the previous month.

The unemployment rate for young people, aged between 15 and 29, reached 10.3 percent last month, up from May’s 9.7 percent.