South Korea’s jobless rate at 11-month high in December 2022

ANKARA 

South Korea’s unemployment rate reached 3.3% in December 2022, the highest reading since January 2022, according to data released on Wednesday.

The figure was up from 2.9% in November 2022, but down 0.5% from December 2021, statistical office data showed.

The number of unemployed people decreased by 113,000 year-on-year to 866,000 last month.

Some 27.8 million people were employed as of December 2022, a rise of 509,000 from a year ago.

The labor force participation rate came in at 63.3%, rising by 0.7% on an annual basis.

• South Korea
• unemployment rate