South Korea's jobless rate fell to the lowest level in nine months in September amid growing signs that the local economy is recovering at a faster pace than other countries, according to a report released by Statistics Korea (formerly National Statistical Office) Wednesday.
The unemployment rate stood at 3.4 percent last month, down from 3.7 percent the previous month. The figure marks the lowest level since December last year when the rate was 3.3 percent.
The number of employed people also surged to 23.8 million last month, up 71,000 from a year earlier, after the economy added mere 3,000 new jobs year-on-year in August, the report showed.