UPDATE : 2019.11.13 WED 15:15
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Jobless rate hits 6-year low in August, job additions largest in nearly 3 yrs

South Korea's jobless rate hit a six-year low in August, and job additions increased the most in 29 months, government data showed Wednesday.

The unemployment rate fell 1 percentage point on-year to 3 percent in August from a year earlier, also marking the lowest level for any August since 2013.

This undated file photo shows jobseekers looking at a bulletin board at a job fair in Seoul. (Yonhap)

The number of employed people reached 27.3 million in August, a rise of 452,000 from the same month in 2018, according to the data compiled by Statistics Korea.

The number of added jobs is the largest since March 2017, when the number increased by 463,000.

The statistics agency said the number of unemployed people stood at 858,000 in August, the lowest level since August 2013, when the comparable figure was 783,000.

The unemployment rate for young adults -- those aged between 15 and 29 -- fell to 7.2 percent last month from 10 percent tallied a year earlier.

By industry, the health and social welfare sectors added 174,000 jobs, and the culture, sports and leisure-related service segment saw an increase of 83,000 jobs last month.

In contrast, the wholesale and retail sector suffered a decline in job offerings by losing 53,000 jobs in August. (Yonhap)

Kim Hyung-dae  edt@koreapost.com

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