South Korea’s job­less rate up in Septem­ber

China Daily (USA) - - BUSINESS -

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.

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