S. Korea's jobless rate falls to 3 pct in May

South Korea's jobless rate fell in May from a month earlier but job creation slowed amid concerns labor market conditions might remain tough for many job seekers, a government report showed Wednesday.

According to the report by Statistics Korea, the jobless rate stood at 3 percent last month, down from the previous month's 3.2 percent. The rate also fell from a year earlier when it was 3.1 percent.

The jobless rate adjusted for inflation, however, edged up to 3.2 percent from April's 3.1 percent.