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03/14/2012 11:09 AM ID: 91674 Permalink   

South Korea: Unemployment Rate Rose to 4.2 Percent in February


The number of unemployed people in South Korea increased by 1.3 percent in February, statistics show. The jobless rate jumped from 3.5 to 4.2 percent within one month.

"The jobless rate tends to rise in Feb. as soon-to-be graduates start to find work. In addition, as more people applied for government-led job programs and public-sector positions, the figure seems to have increased further," Statistics Korea says.

South Korea added 447,000 new jobs in February from a year earlier.

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