Sunday, October 26, 2014   

SKorea jobless rate up in April
(05-14 11:20)

South Korea's unemployment rate rose slightly in April, with the number of newly created jobs falling for the second consecutive month, government data showed Wednesday.
The seasonally adjusted jobless rate stood at 3.7 percent, compared to 3.5 percent in March, Statistics Korea said, AFP reports.
The number of newly created jobs stood at 581,000 from a year ago, compared to an on-year rise of 835,000 in February and 649,000 in March.
Despite the slowdown in job creation, senior Statistics Korea official Kong Mi-Suk said the fact that new job growth was still hovering around the half-million mark was a "positive'' sign.
The monthly average of newly created jobs last year was 386,000.
Wholesale and retail businesses were the major job creators in April, hiring 182,000 people more than a year earlier.
But the employment market for young job seekers remained tough.
The jobless rate for those aged 15-29 stood at 10 percent in April, up from 9.9 in March and 8.4 percent a year earlier.   
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