South Korea's jobless rate is expected to have reached 3.7 percent in October, compared to 3.4 percent a month earlier, according to a forecast by credit appraiser Moody's Investors Services on Saturday.
However, the unemployment rate is down from 4 percent tallied in April, Moody's said in a report.
Prospective job applicants study for public servant exams at a private institution (Yonhap)
September's unemployment rate declined 0.2 percentage point from the same month last year.
Falling unemployment may help lift consumer confidence with the economy showing signs of modest recovery at a time when the Bank of Korea is hinting at a rate hike.
Statistics Korea plans to release the October employment data Tuesday. (Yonhap)