South Korea's jobless rate unchanged at 3.1pc

SEOUL: South Korea's unemployment rate remained unchanged for a third straight month at 3.1 percent in September, official figures showed Wednesday.

The seasonally adjusted jobless rate has remained steady since July compared to a month earlier, Statistics Korea said. Unadjusted, the reading was at 2.9 percent in September compared to three percent in August.

The number of employed South Koreans in September rose by 685,000 from a year ago -- stronger than a 364,000 increase in August -- to 25 million.

The sharp rise is due to a low comparison base a year ago when the traditional Chuseok harvest holiday fell in September, Statistics Korea said.

This year, the holiday -- when most businesses close -- fell in late September, lasting until early October.