South Korea's jobless rate falls to 3.0 percent

South Korea's overall unemployment rate fell to its lowest level in more than five years in October, despite a rise in the number of young people out of work, official figures showed.

The seasonally-adjusted jobless rate of 3.0 percent, down from 3.1 percent in September, was the lowest since February 2008, according to Statistics Korea.

The unadjusted jobless rate fell to 2.8 percent in October from 2.9 percent in September.

But the number of unemployed under the age of 29 rose to 6.9 percent from 6.7 percent in September and the same 6.7 percent in October last year.

The number of people employed rose 396,000 in October from a year ago to 25.07 million.

The manufacturing sector led the growth by creating 144,000 new jobs last month.

-- Dow Jones Newswires contributed to this report --

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • What can void a new car warranty? James Deakin - Wheel Power
    What can void a new car warranty?

    "I was denied warranty once for changing my horn!" One very annoyed reader wrote. "I was told that placing a backup camera will void my warranty" said another. The others are best left in my private inbox as Yahoo! have a swear jar in the office that I do not feel like donating this week's pay to. Continue reading → …

  • Docu exposes destruction of PH marine resources VERA Files - The Inbox
    Docu exposes destruction of PH marine resources

    By Kiersnerr Gerwin B. Tacadena, VERA Files “Gutom (hunger),” Sen. Loren Legarda said is what’s in store for the Filipino people if destruction of the country's marine resources is not stopped. Legarda, chair of the Senate committee on Environment and Natural … Continue reading → …

  • ‘Yolanda’ fiberglass boats modern-day Noah’s ark VERA Files - The Inbox
    ‘Yolanda’ fiberglass boats modern-day Noah’s ark

    By Jane Dasal, VERA Files If you want to save the earth, build a boat. That's what a group of environmentalists is saying, especially if you want to save both the forests and fishermen affected by supertyphoon “Yolanda” (Haiyan). “Haiyan … Continue reading → …

POLL
Loading...
Poll Choice Options