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Korea’s Jobless Rate Falls to One-Year Low Ahead of Virus Impact

  • Government support helps keep momentum alive in jobs market
  • Impact from latest virus wave likely to be seen from August
A job seeker participates in an interview at a job fair in Seongnam, South Korea, earlier in July.

A job seeker participates in an interview at a job fair in Seongnam, South Korea, earlier in July.

Photographer: Jean Chung/Bloomberg
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South Korea’s unemployment rate fell in July to the lowest level in a year before a surge in virus infections triggered tighter restrictions nationwide that threaten to damp momentum in the labor market.