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South Korea's Seasonally Adjusted Unemployment Rate Shrinks to 2.7% in June

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South Korea's seasonally adjusted unemployment rate fell to 2.7% in June from 2.8% in May, according to data from the Ministry of Data and Statistics released on Wednesday.

The latest print was lower than the Trading Economist forecast of 2.8%.

The labor force participation rate also held steady from the previous month at 65.2%, but was down from 65.4% a year earlier.

The total number of employed persons rose to 29.15 million in June from 29.12 million in May, while the number of unemployed fell to 834,000 from 878,000.

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