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Unemployment Expected To Decline Again


Goldman Sachs expects further improvement in the South Korean labour market at today's unemployment data, consensus is for 3.9%, due at 0000GMT/0700HKT.

  • "We expect Korea's seasonally adjusted unemployment rate to move down further to 3.7% in March after falling sharply by 1.4pp to 4.0% in the previous month. The forecast reflects expectations of further gains in public employment supported by government job programs in Q1, while private sector jobs may remain weak. The participation rate could also fall slightly, reversing from last month's +0.3pp gains in part due to residual seasonality for March."

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