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This Year's Real Unemployment Rate to Exceed 15 Percent
The incomplete use of labor force, a result you get when you divide the figure by the sum of the economically active population, 23.315 million, was computed at 15.1 percent, 0.8 percent up from last year��s 14.3 percent. Moreover, the number of real unemployed people based on the incomplete use of labor force rate up until the third quarter of this year accounted for a whopping 3.513 million, much greater than official statistic of 817,000.

While the U.S. computes relevant numbers in a slightly different way from Korea, America's incomplete use of work force as of September 2004 was 9.9 percent, far short of twice the unemployment indicator, 5.4 percent.
by Ki-Jeong Ko, Donga.com (December 12, 2004)
http://english.donga.com/srv/service.php3?biid=2004121327998

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