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South Korea jobless rate drops in October

Staff Writer |
South Korea's unemployment rate declined in October, figures from Statistics Korea showed.

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The seasonally adjusted jobless rate fell to 3.7 percent in October from 4.0 percent in the previous month.

In the corresponding month last year, the unemployment rate was 3.4 percent.

On an unadjusted basis, the jobless rate dropped to 3.4 percent in October from a month ago.

The number of unemployed people decreased to 923,000 in October from 986,000 in the preceding month.

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