South Korea's government jobs keep unemployment low

South Korea's unemployment rate held steady at 2.7% for a second month, driven by government job programs, but the quality of jobs is a concern. The labor participation rate slightly decreased to 64.7% in May. While the job market appears stable, many new jobs are in low-paying sectors like health and social work, and private-sector hiring remains weak. The government is expected to continue supporting small businesses. However, addressing structural issues like youth unemployment will be crucial for long-term economic health.