South Korea's on-year employment grew at a slower pace in 2023, but the employment rate reached a record high, data showed Wednesday.
The number of employed people rose 327,000 in 2023 from a year earlier, or 1.2 percent, to come to 28.41 million, South Korea's (Yonhap) news agency reported citing the data compiled by Statistics Korea.
It marked the third consecutive year that the country added jobs on-year, following job losses in 2020 due to the COVID-19 pandemic, though the job growth slowed from 2022, when the country had 816,000 more jobs, the largest number since 2000.
The country's jobless rate inched down 0.2 percentage point to 2.7 percent in 2023.
The number of unemployed people fell by 46,000 from a year earlier to come to 787,000 last month, according to the statistics agency.
