S. Korea's on-year job growth slows down in November

▲ A man checks job posts at a job fair in Seoul on Nov. 1, 2023. (Yonhap)

jobless rate-tally

S. Korea's on-year job growth slows down in November

SEOUL, Dec. 13 (Yonhap) -- South Korea's on-year employment grew at a slower pace for the first time in four months in November, data showed Wednesday.

The number of employed people rose by 277,000 from a year earlier to come to 28.69 million last month, slowing from the previous month's 346,000, according to the data compiled by Statistics Korea.

The country's jobless rate stood at 2.3 percent in November, unchanged from a year earlier.

Monthly job additions fell below 300,000 in July but rose to 268,000 in August and recovered to the 300,000 level in October.

Hiring has logged on-year growth since March 2021, the data showed.

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