Jobs Growth at 13-Month High Is a Boost for South Korea's Moon
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Jobs data provided some surprisingly good news for South Korean President Moon Jae-in, who is under fire over his economic policies -- particularly his aggressive minimum wage hikes.
The unemployment rate in February fell to 3.7 percent, the lowest in eight months and better than economists’ forecast of 4.2 percent. The economy added 263,000 new jobs last month, the most since January last year. The hiring was mainly in services.