South Korea's job growth hits five-month high


Seoul, Nov 11 (IANS): Job growth in South Korea hit the highest in five months, with the unemployment rate slightly falling, a government report showed on Wednesday.

The number of those employed came in at 26,298,000 in October, up 348,000 from the same month of last year, according to Statistics Korea.

It marked the highest monthly increase in five months since May when the economy added 379,000 jobs, reported Xinhua.

The economically active population, or people employed and unemployed, increased 504,000 in October from a year earlier. The hiring rate was unchanged at 60.9 percent.

The OECD-method employment rate among those aged 15-64 rose 0.5 percentage points from a year earlier to 66.2 percent in October. The figure for youths aged 15-29 gained 1.1 percentage points to 41.7 percent.

Jobless rate dipped 0.1 percentage point from a year earlier to 3.1 percent in October, the lowest since November 2013.

The unemployment rate among youths declined 0.6 percentage points to 7.4 percent, marking the lowest since May 2013 when it recorded the identical number.

  

Top Stories


Leave a Comment

Title: South Korea's job growth hits five-month high



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.