October job growth of 139,000 extends a four-month streak above 100,000.
Context
What happened: South Korea added 139,000 jobs in October from a year earlier, with job growth above 100,000 for the fourth consecutive month, according to the Ministry of Data and Statistics.
Key numbers: Employed people totaled 29.17 million versus 29.04 million a year earlier. Jobless rate was 2 percent, down 0.2 percentage point. Unemployed totaled 602,000, down 56,000.
Why it matters: Overall growth stayed above 100,000 for a fourth month, but youth employment fell for a 30th consecutive month and the accommodation and restaurant sector posted its sharpest drop since February 2021.
What changed
South Korea added 139,000 jobs in October from a year earlier, with job growth above 100,000 for the fourth consecutive month, according to the Ministry of Data and Statistics.
Why it matters
Overall growth stayed above 100,000 for a fourth month, but youth employment fell for a 30th consecutive month and the accommodation and restaurant sector posted its sharpest drop since February 2021.