South Korea’s unemployment rate rebounds in September

SEOUL (Reuters) – South Korea’s unemployment rate rebounded in September, while the number of employed people increased by the smallest in ten months, government data showed on Friday.

The country’s seasonally adjusted unemployment rate rebounded to 2.8% in September, from 2.5% in August, which was the lowest since the data release began in June 1999.

The number of employed people increased by 707,000 compared with the same month a year earlier, extending the gains from a year earlier for a 19th month but marking the smallest increase since November 2021.

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