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S. Korea's jobless rate falls to 3.3 pct in Aug.

09-21-2011 11:06 BJT

SEOUL, Sept. 21 (Xinhua) -- South Korea's jobless rate fell to 3 percent in August from a year earlier as the number of people employed increased amid solid exports and industrial activities, a government report showed Wednesday.

The unemployment rate stood at 3 percent in August, down 0.3 percentage point from a year earlier, the Statistics Korea said in a monthly report. The rate was lower than the 3.3 percent tallied for July.

The number of unemployed, who failed to land work despite job- hunting efforts, decreased 69,000 on-year to 762,000 last month due to a rise in people employed amid brisk exports and solid industrial activities, according to the report.

Jobless rate among those aged between 15 and 29 came in at 6.3 percent in August, down 0.7 percentage point from the previous year. The rate was lower than the 7.6 percent recorded in July.

The total number of working people reached 24.49 million in August, up 490,000 from a year earlier. The employment rate rose 0. 5 percentage point on-year to reach 59.6 percent last month.

The statistical office said the number of people finding jobs continued to grow by 300,000 to 400,000 per month over the past 11 months, and posted an on-year expansion since January last year.

The robust recruitment was mainly attributable to robust exports and advance in production and consumption, according to the report.

Health and social welfare sector, which drove up the August job growth, created 111,000 jobs in August, with science and technology service field adding 97,000 positions. Wholesale and retail sector employed 88,000 workers last month, while transportation area hired 79,000 workers over the cited period.

Meanwhile, the number of people employed as regular worker increased 559,000 in August, but numbers for temporary workers and those hired on a daily basis declined by 91,000 and 6,000 respectively.

Editor:Yang Jie |Source: Xinhua

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