South Korea's August jobless claims dropped 0.6% amid reduced demand in education, food services, and public administration.
In August, South Korea experienced a 0.6% decline in jobless claims, with approximately 86,000 new applicants for benefits, according to the Ministry of Employment and Labor. This decrease, following a previous 7.7% rise, was driven by reduced demand in sectors like education, food services, and public administration. Additionally, the number of benefit recipients fell by 0.4% to 625,000, and total benefit payouts decreased by 2.2% to 1.03 trillion won (about $768 million).
September 09, 2024
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