South Korea’s employment rises in October as the country adds 139,000 jobs compared with a year earlier, with job growth staying above 100,000 for the fourth consecutive month, according to government data reported by multiple outlets. The number of employed people reaches 29.17 million, up from 29.04 million a year earlier.
The jobless rate falls to 2.0%, down 0.2 percentage point from a year earlier, while the number of unemployed people is 602,000, down 56,000 over the same period. Yonhap and others also note that employment growth turns positive again in June after a May decline of 40,000, and that the employment rate for ages 15 to 64 increases to 70.4%. For young adults aged 15 to 29, the employment rate decreases to 42.9%, down 1.7 percentage points.
