South Korea's jobless rate remained at 3 percent in October, unchanged from a month ago, a report by the National Statistical Office (NSO) showed Wednesday.
However, the job creation fell to a 44-month low reflecting companies' reluctance to hire workers amid gloomy economic outlooks, according to the report.
The economy generated 97,000 new jobs last month from a year earlier, down from 112,000 in September, it showed.
It was the lowest level of growth since February 2005 when 80,000 companies hired 80,000 new employees.
The NSO attributed the slumping job market to the overall deteriorating economic conditions both at home and abroad.
Source: Xinhua
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