South Korea March job growth smallest in more than three years

SEOUL : South Korea’s job boost slowed to its lowest in higher than three years in March, with the unemployment rate rising, legit records showed on Friday.

The amount of employed in South Korea grew by 173,000 in March from a year earlier, slowing from a acquire of 329,000 in February and the smallest annual boost since February 2021.

The unemployment rate rose to 2.8 per cent from the outdated month’s 2.6 per cent, which change into device the characterize low of 2.5 per cent hit in October, per Statistics Korea.