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S. Korea's Jobless Rate Hits 9-Year High, Job Growth Improves in Nov.

Written: 2018-12-12 09:00:38Updated: 2018-12-12 14:03:48

S. Korea's Jobless Rate Hits 9-Year High, Job Growth Improves in Nov.

Photo : KBS News

South Korea's jobless rate rose slightly in November, although the monthly job growth sharply increased from a month ago.

According to data by Statistics Korea on Wednesday, the number of employed people reached 27-point-18 million last month, up 165-thousand from a year ago.

It's the second largest on-year gain this year since January when it expanded 334-thousand. The monthly job growth figure has remained below 100-thousand for four consecutive months since July.

The overall employment rate came to 61-point-four percent last month, unchanged from a year earlier. 

However, the jobless rate stood at three-point-two percent last month, up one tenth of a percentage point on-year. That's the largest figure for the month of November since 2009, when it marked three-point-three percent. 

The unemployment rate for young adults -- those aged between 15 and 29 -- marked seven-point-nine percent, down one-point-three percentage points from the previous year.

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