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S. Korea posts lowest job growth in 5 years in 2015

Xinhua, January 13, 2016 Adjust font size:

South Korea posted the lowest job growth in five years last year, with unemployment rate logging the lowest in five years, a government report showed Wednesday.

The number of those employed totaled 25,936,000 in 2015, up 337,000 from a year earlier, according to Statistics Korea. It marked the lowest increase since 2010.

The yearly job growth increased from 415,000 in 2011 to 538,000 in 2014, before dipping to 337,000 in 2015.

Jobless rate was 3.6 percent in 2015, the lowest since 2010 when it recorded 3.7 percent.

The employment rate came in at 60.3 percent in 2015, up 0.1 percentage point from the previous year. The hiring rate kept an upward trend for six straight years. Endit