South Korea December unemployment rate surges to 3.7% (from 2.7% in November)

South Korea’s unemployment rate rose sharply to 3.7% in December, the highest in 3.5 years, amid heightened economic uncertainty and political turmoil.

• This marked a significant increase from 2.7% in November.

The number of employed people decreased by 52,000 year-over-year in December, the first decline since February 2021, following a gain of 123,000 in November, according to Statistics Korea.

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December was the month of this short-lived attempt at martial law in SK.

Authorities in SK are trying again to make the arrest.

This article was written by Eamonn Sheridan at www.forexlive.com.