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83,000 Jobs Added in October, Slowest Growth in 4 Months

Written: 2024-11-13 08:29:45Updated: 2024-11-13 08:59:43

83,000 Jobs Added in October, Slowest Growth in 4 Months

Photo : YONHAP News

The nation added 83-thousand jobs in October, with job growth falling below 100-thousand for the first time in four months. 

According to Statistics Korea on Wednesday, the number of employed people stood at 28-point-eight million last month, up 83-thousand from the same month last year.

Job growth fell below the 100-thousand mark for the first time since June, when it stood at 96-thousand. 

The wholesale and retail industry lost 148-thousand jobs, the most since July 2021, while jobs in the construction industry fell by 93-thousand in October. 

The employment rate for those aged 15 and older stood at 63-point-three percent last month, while the jobless rate rose by zero-point-two percentage points on-year to two-point-three percent.

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