South Korea’s jobless rate up in September
South Korea’s jobless rate rose to the highest in 11 years in the month of September due to chronic export slump and the ongoing restructuring in shipbuilding and shipping industries, a government report showed on Wednesday. Unemployment rate gained 0.4 percentage points from a year earlier to 3.6 percent in September, according to Statistics Korea. It was the highest level measured in the month of September since 3.6 percent tallied in September 2005. The number of those unemployed increased 120,000 as those in their 20s and 50s mainly lost their jobs.