South Korea's jobless rate fell in April from a month earlier and job creation also picked up speed, raising expectations that labor market conditions might be improving, a government report showed Wednesday.
According to the report by Statistics Korea, the jobless rate stood at 3.2 percent last month, down from the previous month's 3.5 percent. The jobless rate adjusted for inflation also declined to 3.1 percent from March's 3.2 percent.
Job creation quickened, with the number of employed people standing at 25.1 million in April, up 345,000 from a year earlier. The increase is larger than the 249,000 jobs tallied in March, the report showed.