South Korea’s unemployment rate rose to a 21-year high in January, data from Statistics Korea showed on Wednesday.

The jobless rate rose to a seasonally adjusted 5.4 percent in January from 4.5 percent in December. This was the highest rate since 1999.

In the same month last year, the unemployment rate was 3.9 percent.

On an unadjusted basis, the unemployment rate increased to 5.7 percent in January from 4.1 percent in the previous month.

The number of unemployed climbed to 1.570 million in January from 1.135 million in the preceding month. Compared to a year ago, the figure rose by 417,000 persons.

The number of employed persons decreased by 982,000 year-on-year to 25.818 million in January.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.