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SOUTH KOREA: Unemployment Falls Giving BOK Reasons to Pause

SOUTH KOREA
  • Unemployment rate fell to 2.4% for August.
  • Market expectations were 2.6% following 2.5% in July.
  • 123,000 new jobs created in August yoy.
  • Participation rate at 64.4%.
  • This release likely does not put pressure on the BOK on rates, rather providing them further time to assess the evolution of the housing market, their main area of concern. 

 

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