The nation’s jobless rate rose in December from a month earlier, but job creation remained strong, raising hopes that labor market conditions might be improving, a government report showed Wednesday.
According to the report by Statistics Korea, the jobless rate stood at 3 percent last month, up from 2.7 percent in November. The seasonally adjusted jobless rate also inched up from 2.9 percent to 3 percent.
Job creation still remained strong. The number of employed people was 24.96 million in December, up 560,000 from a year earlier, the report showed.
The figure was lower than the 588,000 increase tallied in November but represented the second straight month that it topped the 500,000 mark, the report showed.
“The latest job data shows that a growing number of people felt optimistic about the economic conditions and came out to find new jobs,” a finance ministry official said. “The rise in the unemployment rate still indicates things remained tough as many ended up failing to find what they wanted.” The job increase in December came mostly from the health and social welfare service sector and the manufacturing sector, which provided an additional 165,000 and 82,000 positions, respectively, compared with the same month a year earlier. (Yonhap News)
