CCTV.com - CNTV English - CCTV News

S. Korean jobless rate at 3-year low

09-21-2011 13:15 BJT

Watch Video

Play Video

South Korea is reporting robust employment data for August. But economists are playing down the figures as fast growing signs of a global slowdown that may cloud the outlook of Asia's fourth-largest economy.

Statistics Korea says unemployment on a seasonally adjusted basis fell to 3.1 percent in August from 3.3 percent in July. That is the lowest level since July 2008. The number of people who found work climbed by 490-thousand in August year-on-year, the biggest rise since May 2010.

Economists say the country's unemployment rate is typically slow to reflect changes in overall economic conditions, and the latest data will not have a big impact on investors now more worried about the global economy.

South Korea is reporting robust employment data for August.

Editor:Li Wanran |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program