South Korea’s jobless claims rose last month amid lingering concerns about economic downturn, labor ministry data showed on Monday.
The number of new applicants for job-seeking benefits came in at 80,000 in October, up 3.8 percent from the same month of last year, according to the Ministry of Employment and Labor.
The number rebounded this year on the back of mounting worry about the economic slowdown, driven by sluggish exports and faltering housing market.
The benefit applicants expanded in the manufacturing, construction, and information and communications industries.—APP
