South Korea Unemployment Rate Jumps to Six-Year High at 4.1%

By
Cynthia Kim
  • Youth jobless rate hits record as graduates can't land jobs
  • Record number of applicants for civil-service positions

South Korea’s unemployment rate rose to a six-year high last month as more college graduates failed to land jobs amid slowing economic growth. Distortions from the lunar new year holiday were also a seasonal factor behind the rise.

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