Comrades,

South Korea's unemployment rate is up with many "thanks" to the IMF.

Fraternally

Charles

14 March 10:42AM -- Singapore Time
S. Korea's jobless rate up

SEOUL -- South Korea's unemployment rate rose to five per cent in February,
the highest level in a year, reports quoting a government source said on
Wednesday.

The rate was estimated to have reached 4.9-5.0 per cent last month with 1.05
million people seeking work, said a Finance and Economy Ministry official
quoted by Seoul's Yonhap News Agency.

In February 2000, the rate stood at 5.3 per cent with 1.12 million people
out of jobs, it said.

The National Statistical Office gave an official rate for January of 4.6 per
cent with 982,000 people unemployed. -- AFP



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