South Korea's jobless rate falls

Indo Asian News Service
12 December 2012

Seoul, Dec 12 (IANS) South Korea's jobless rate fell to 2.8 percent last month due to strong job creation in the manufacturing sector, a government report showed Wednesday.

The unemployment rate stood at 2.8 percent in November, down 0.1 percentage point from the same month last year, according to Statistics Korea. From a month before, the rate was unchanged, reported Xinhua.

After peaking at 4.2 percent in February, the jobless rate has trended down to 2.8 percent that is nearly at a full employment level.