South Korea's jobless rate falls

Last Updated: Wednesday, October 10, 2012 - 14:50

Seoul: South Korea's jobless rate fell to 2.9 percent last month due to strong job creation in both manufacturing and service industries, a government report showed Wednesday.

The unemployment rate stood at 2.9 percent in September, down 0.1 percentage point from a month earlier, according to Statistics Korea. From a year before, the rate was down 0.1 percentage point, reported Xinhua.

After peaking at 4.2 percent in February, the jobless rate has trended down to 2.9 percent last month that's nearly at full employment level.

IANS

First Published: Wednesday, October 10, 2012 - 14:50
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