- Showing no sign of improvement
South Korea's jobless rate rose slightly in September due to a fall in employment in the retail and restaurant sectors, with poorer-than-expected job creation showing no signs of a letup, government data showed Friday.
The unemployment rate stood at 3.6 percent last month, up 0.3 percentage point from a year earlier, according to the report compiled by Statistics Korea.
|Jobseekers look at recruitment notices during a job fair of foreign-invested companies at a convention center in Seoul on June 14, 2018, in this file photo.|
The number of employed people reached 27.05 million in September, up 45,000 from the same month in 2017, according to the data.
The unemployment rate for young adults -- those aged between 15 and 29 -- was 8.8 percent, down 0.4 percentage point from the previous year.
The employment rate stood at 66.8 percent in September, down 0.1 percentage point from a year earlier, with the corresponding figure for young people at 42.9 percent, up 0.7 percentage point over the cited period.(Yonhap)
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