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South Korea's jobless rate edged down in August from a month earlier but job creation slowed markedly amid worries the overall economic conditions are toughening at home and abroad, a government report showed Wednesday.
According to the report by Statistics Korea, the jobless rate stood at 3 percent last month, down from 3.1 percent tallied in the previous month, marking the lowest level for this year.
The number of jobs added to payrolls, however, slumped. About 364,000 jobs were created last month compared with a year earlier, which is the slowest since September last year. This is also quite smaller than the on-year job creation of 470,000 in the previous month.
(Yonhap News)
