South Korea’s jobless rate fell in April as more people were hired in the accommodation and retail sectors, but the unemployment rate for young people still remained high, a government report showed Wednesday.
The unemployment rate sank to 3.9 percent in April, from 4.3 percent in March. The seasonally adjusted jobless rate also dropped to 3.7 percent from 3.8 percent over the cited period.
But job creation decreased from the previous month. The number of employed people stood at 26.2 million last month, up 252,000 from a year earlier. It is lower than the previous month’s 300,000 gain.
The unemployment rate for young people, aged between 15 and 29, reached 10.9 percent last month, slightly down from 11.8 percent in March. It marked the highest number for the month of April.
