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

Aug. 10, 2011 - 08:57 By

SEOUL, Aug. 10 (Yonhap) -- South Korea's jobless rate declined in July from a year earlier as the number of jobs in the country increased, fueled by exports and expanded industrial output, a government report showed Wednesday.

The jobless rate stood at 3.3 percent last month, down from 3.7 percent a year earlier, according to the report by Statistics Korea. The rate is unchanged from the jobless rate of 3.3 percent tallied in June.

The report showed 335,000 more jobs being created last month, with the total number of working people reaching over 24.63 million. The employment rate reached 60 percent, up 0.2 percentage point from an year earlier.