South Korea’s labor market growth remained sluggish as job creation slowed in October compared to the previous month, according to a government report.
Statistics Korea’s report released on Wednesday showed that the total number of employed last month was 25.07 million, with about 396,000 new jobs added to the economy.
Job growth had reached 685,000 in September, the biggest figure in a decade.
The employment rate in the manufacturing sector, however, increased by 3.6 percent year-on-year.
By Park Min-young (claire@heraldcorp.com)