South Korea records 113,000 new jobs in September, unemployment falls to 2%
In September, South Korea added 113,000 jobs, bringing total employment to 29.26 million and lowering the jobless rate to 2 percent.
Government figures show that September saw an increase of 113,000 jobs, marking the third straight month of gains above 100,000. The employed population rose to 29.26 million, up from 29.15 million a year earlier. The unemployment rate slipped to 2 percent, a 0.1-point decline from the previous year. Among young adults aged 15-29, the employment rate fell to 44 percent, down 1.1 percentage points.
Why it matters
The data signals continued job growth in South Korea while showing a slight decline in youth employment rates.
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South KoreajobsSeptemberunemployment rateemployment rateyoung adults29.26 million2 percent
