South Korea's Jobless Rate Climbs Amid Political Turmoil

In a troubling development, South Korea has reported a significant increase in its unemployment rate, reaching its highest point in over two years. As political infighting intensifies, the nation faces rising economic challenges that complicate recovery efforts in the job market. The unemployment rate surged to 4.0% in December 2024, a notable rise from 3.2% in previous months, highlighting the growing concern among economists and policymakers alike.

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