S. Korea adds 707,000 jobs on-year in September

▲ Jobseekers participate in a session at a job fair in Seoul on Oct. 11, 2022. (Yonhap)

jobless rate-September

S. Korea adds 707,000 jobs on-year in September

SEOUL, Oct. 14 (Yonhap) -- South Korea added jobs for the 19th straight month in September, data showed Friday, but the growth continued to slow for the fourth month in a row amid concerns over a recession.

The number of employed people stood at 28.38 million last month, up 707,000 from a year earlier, according to the data compiled by Statistics Korea.

The September figure fell below the on-year rise of 807,000 tallied in the previous month.

South Korea's jobless rate, meanwhile, fell 0.3 percentage point on-year to reach 2.4 percent in September, the data showed.

The latest data comes as the South Korean economy faces concerns over stagflation, a mix of slowing growth and high inflation, amid the protracted war between Russia and Ukraine that led to soaring oil and commodity prices.

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