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SOUTH KOREA: Unemployment Rate Rises 

SOUTH KOREA
GlobalEM BulletBulletSouth KoreaAPACEmerging Market NewsRegion

 

  • South Korea’s unemployment rate rose marginally for September.
  • At +2.5%, the unemployment rate was up from +2.4% in August.
  • Market analysts expected a rise of +2.6%.
  • There was a rise in the number of employed (an extra 55,000) and a rise in the employment ratio (to +62.8%).
  • Having cut rates at its most recent meeting, today’s data likely shows that time is now on the BOK’s side and that at this stage, they may be on hold until 2025. 
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  • South Korea’s unemployment rate rose marginally for September.
  • At +2.5%, the unemployment rate was up from +2.4% in August.
  • Market analysts expected a rise of +2.6%.
  • There was a rise in the number of employed (an extra 55,000) and a rise in the employment ratio (to +62.8%).
  • Having cut rates at its most recent meeting, today’s data likely shows that time is now on the BOK’s side and that at this stage, they may be on hold until 2025.