S. Korea Unemployment Falls to 7-Month Low on Service Jobs
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South Korea’s unemployment rate unexpectedly fell to a seven-month low on increasing numbers of self-employed workers and service-sector jobs even as Europe’s debt crisis dragged down exports.
The jobless rate was at 3.1 percent in July, compared with 3.2 percent in June, Statistics Korea said today in Gwacheon, south of Seoul. The median estimate in a Bloomberg News survey of 14 economists was for a rate of 3.3 percent.