South Korean jobless rate rises

SEOUL, SOUTH KOREA - FEBRUARY 22: Pedestrians cross the street near Gangnam Station on February 22, 2014 in Seoul, South Korea.; Shutterstock ID 179932592; Purchase Order: Relaxnews/ Fil; Client/Licensee: Arnaud POURPOINT

SEOUL: South Korea’s unemployment rate climbed in October as a planned easing of virus-related restrictions allowed job seekers to resume hunting for work.

The jobless rate increased to 3.2% from 3% in September, the statistics office reported. That was higher than economists’ forecasts for 3.1%. From a year earlier, the economy added 652,000 positions, marking an eighth straight month of gains.