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S. Korea’s jobless claims rise 3.1pc in April

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South Korea’s jobless claims rose last month amid growing worry about economic slump, labor ministry data showed on Monday.

The number of new applicants for job-seeking benefits was 96,000 in April, up 3.1 percent from the same month of last year, according to the Ministry of Employment and Labor.

It was down from an increase of 8.5 percent in March, but the number rebounded this year on the mounting worry about the economic downturn driven by continued export fall and faltering housing market.

The benefit applicants mainly expanded in the construction, the information and communications, and the lodging and eatery sectors.— Xinhua

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