South Korea's unemployment rate declined in October, figures from Statistics Korea showed Wednesday.
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. A year ago, the jobless figure totaled
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.