S. Korea's on-year job growth accelerates in October

오석민 / 2023-11-15 08:00:25
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jobless rate-tally
▲ Jobseekers check documents at a job fair in Seoul, in this file photo taken Sept. 13, 2023. (Yonhap)

jobless rate-tally

S. Korea's on-year job growth accelerates in October

SEOUL, Nov. 15 (Yonhap) -- South Korea's on-year employment grew at a faster pace for the third consecutive month in October, data showed Wednesday.

The number of employed people came to 28.76 million last month, up 346,000 from a year earlier, or 1.2 percent, according to the data compiled by Statistics Korea.

Monthly job additions had slowed down for four months in a row to tumble below 300,000 in July but made a rebound in August and recovered to the 300,000 level last month.

The country's jobless rate stood at 2.1 percent in October, down 0.3 percentage point from a year earlier, the data showed.

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