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S. Korea's jobless rate rises to five-year high

Xinhua, March 18, 2015 Adjust font size:

South Korea's jobless rate rose in February to the highest in five years amid the slow growth of job creation, a government report showed Wednesday.

Unemployment rate gained 0.1 percentage point from a year earlier to 4.6 percent in February, the highest since February 2010 when it recorded 4.9 percent, according to Statistics Korea.

The higher jobless rate came as job creation slowed down in February when the number of those employed grew 376,000 from a year earlier to 25,195,000.

After peaking at 594,000 in August last year, the monthly employment fell to the 400,000 level from September to December, before staying below 400,000 in January and February. Endi