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S. Korea's jobless rate drops to 10-month low in Oct.

2017/11/15 08:01

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SEJONG, Nov. 15 (Yonhap) -- South Korea's jobless rate dropped to the lowest level in 10 months in October, but the the rate of the fall slowed down, government data showed Wednesday.

The unemployment rate stood at 3.2 percent last, down 0.2 percentage point from the same month last year, according to the report compiled by Statistics Korea. From a month earlier, it also fell 0.2 percentage point.

It marked the lowest rate since December last year, when it hit 3.2 percent.

The number of employed people reached 26.85 million in October, up 279,000 from a year earlier, slowing down from the previous month's rise of 314,000.

The unemployment rate for young people -- those aged between 15 and 29 -- was 8.6 percent, up 0.1 percentage point from a year earlier.

The employment rate advanced 0.2 percentage point to 61.3 percent last month from a year earlier, with the corresponding figure for young people losing 0.2 percentage point to 42.4 percent.