Seoul:South Korea reported an increase of 139,000 jobs in October compared to the same month last year, marking the fourth consecutive month that job growth has surpassed 100,000, as per government data released on Wednesday.
According to Yonhap News Agency, the total number of employed individuals reached 29.17 million in October, an increase from 29.04 million in the previous year. This growth follows a positive trend that began in June after a decline of 40,000 jobs in May, which was the first decrease in 17 months.
The unemployment rate in South Korea stood at 2 percent last month, representing a decrease of 0.2 percentage points from the previous year. The number of unemployed individuals was recorded at 602,000 in October, a reduction of 56,000 compared to the same period in 2025.
Employment among people aged 15 to 64 saw an increase, with an employment rate of 70.4 percent, up by 0.3 percentage points from the previous year. However, the employment rate for those aged 15 to 29 decreased by 1.7 percentage points to 42.9 percent.