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South Korea's jobless rate up in December

[SEOUL] South Korea's jobless rate rose in December from a month earlier, with unemployment among young people hitting a 15-year high, government data showed Wednesday.

The jobless rate stood at 3.4 per cent, up from 3.1 per cent in November, Statistics Korea said.

The seasonally adjusted rate inched up 0.1 percentage points to 3.5 per cent.

Unemployment among those aged 15-29 stood at 9.0 per cent, the highest since 1999 when a new statistic basis was adopted.

The number of employed people stood at 25.38 million, up 422,000 from a year earlier.

It marked the fourth straight month that the number of new jobs topped the 400,000 mark - a trend that senior Statistics Korea official Sim Won-Bo described as "encouraging."

AFP