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Job creation in S. Korea slows down in November

Xinhua, December 16, 2015 Adjust font size:

Job creation in South Korea slowed down in November, with jobless rate unchanged at 3.1 percent, a government report showed Wednesday.

The total number of those employed reached 26.253 million in November, up 285,000 from the same month of last year, according to Statistics Korea.

The November growth decelerated after rising more than 300,000 in September and October.

The economically active population, or the sum of those employed and unemployed, grew 296,000 in November from a year earlier.

The hiring rate was unchanged at 60.8 percent last month. The OECD-method employment rate for those aged 15-64 rose 0.4 percentage points from a year earlier to 66.3 percent in November.

The youth hiring rate for those aged 15-29 advanced 1.0 percentage point from a year earlier to 41.8 percent in November.

The jobless rate made no change at 3.1 percent in November compared with the same month of last year.

The youth unemployment rate rose 0.2 percentage points from a year earlier to 8.1 percent in November. From a month ago, the jobless rate was up 0.7 percentage points last month. Enditem